Volkswagen rules out restructure

VW won’t follow Daimler’s new business structure

volkswagen t-roc grille

The CEO of the giant Volkswagen Group says his organisation won’t be following the lead of rivals Daimler and significantly change the make-up of the business.

Daimler announced several months ago that it is looking at dividing parts of the business into separate legal entities – a move that could unlock significant funds for the development of new models, especially costly electric car development.

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But the Volkswagen boss, Matthias Mueller, says Volkswagen already has the funds to develop new models, and electric vehicle technology.

“Others are always faster than Volkswagen but, somehow, we are still successful.”

“No, one of my major tasks is to always and again look into such matters and reflect on the situation,”

“That is what we do and what I do with all authority and calm. And I will not let anyone push me.”

The comments come after Volkswagen recently reaffirmed its commitment to electric cars.

Volkswagen has a number of electric-drive models in development, including the I.D. Crozz – a model that will be making its public debut this month at the Frankfurt Motor Show.

Volkswagen is also going to have an electric passenger van on the market in coming years too.

In total, more than $23 billion USD will be invested in electric vehicle development by Volkswagen over the next 12 years.

Check out more details on Volkswagen’s electric future here.

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