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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

We have rock-solid finances. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. First is the energy capacity and the recharge time of current batteries, which now are “ simply inappropriate ” for pure electric propulsion. We have nine strong brands that work well together.

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