Volkswagen AG and its partners plan to invest more than €4 billion ($4.4 billion) next year in China, 40% of it on e-mobility programs.
Part of the money will be used to ready factories in Anting (SAIC Volkswagen) and Foshan (FAW-Volkswagen) for EV production. The facilities will launch production of vehicles built on VW’s MEB platform next October and will have combined annual capacity of 600,000 units.
Overall, VW Group expects to offer 30 locally produced electrified cars by 2025. By then, the company targets annual sales of 1.5 million such vehicles in China.
Next year’s investment also will go toward the launch of other vehicles, research and development, autonomous driving technologies and smart city initiatives.
Once the playground of exotic car makers, the definition of a niche vehicle has expanded to include image vehicles for mainstream OEMs, and specialist models produced on high-volume platforms.
Effective management is a timeless skill—as demonstrated by this treasure of an article from the AutoBeat Group archive. Although the tools of the trade have changed and proliferated, the basics remain the same. Here are 8 old school (and just darn practical) rules for being an excellent manager.
Dan Nicholson is vice president of General Motors Global Propulsion Systems, the organization that had been “GM Powertrain” for 24 years.