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Volkswagen again reaffirms 20 new PEV models coming across the Group; MEB development

Green Car Congress

In his remarks at the Annual Media Conference, where the Group presented 2015 results, Matthias Müller, Chairman of the Board of Management of Volkswagen AG, said that 2016 will be a year of transition for Volkswagen, and will also see the accelerated transformation of the company. Key figures for 2015. billion in 2015 to €8.9

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Volkswagen launches new luxury flagship Phideon at Geneva; plug-in hybrid drive planned; first VW brand car based on MLB

Green Car Congress

The new Phideon was developed in Germany with the assistance of VW’s Chinese partner SAIC Volkswagen. Volkswagen’s design team derived the Phideon almost directly from the C Coupé GTE concept car, which was presented at Auto Shanghai in 2015, with only minor changes. Earlier post.)

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Volkswagen Group to invest €51.6B over next five years; seeking to make itself future-proof

Green Car Congress

The ratio of capital expenditure to sales revenue will be at a competitive level of around 6% on average in the period 2011 to 2015. billion) in the period 2011 to 2015. This amount will be funded in full from the cash flow generated by the Chinese joint ventures. These companies will invest a total of €10.6 billion (US$14.5

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Polestar 5 will be brand’s top model from 2025

EV Central

Volvo bought Polestar in 2015, and for a time used the name on high-performance ICE- and hybrid-powered variants. Volvo had been bought from Ford by big Chinese car maker Geely in 2010. In 2017 Geely and Volvo announced Polestar would be spun off as a stand-alone brand focused on EVs.

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