Volkswagen has even more ambitious electric plans including a scheme called Roadmap E. That plan includes spending €14 billion ($17.36 billion) on ridesharing technology; to counter GM and BMW’s efforts in that area, and €20 billion ($24.80 billion) on electric-vehicle technology.
That means Tesla Motors (NASDAQ: TSLA) might not stand a chance. Volkswagen will own electric cars, and possibly ridesharing.
Therefore Volkswagen will be the world’s largest automaker for the foreseeable future – if the Roadmap E investments work as advertised. More importantly, Volkswagen will remain the value investment in global automakers because of its vast industrial infrastructure, gigantic footprint, and willingness to invest in new technology.Read more