Volkswagen has announced a renewed focus on electrification and will lead its post-diesel scandal EV push with an all-electric Phaeton.
The Phaeton, which was a spectacularly poor-selling vehicle when it first came out, will serve as the German automaker’s flagship for its electric technology.
Volkswagen says its EV push will focus on long-range plug-in hybrids and fully electric vehicles with a range of up to 186 miles. The company will build a modular electric “toolkit” to underpin all its new green models and work with its existing platforms.
VW also said that it is switching its diesel strategy by installing only diesel drives with SCR and AdBlue technology as soon as possible.
The company also says it will cut its investment spending by more than $1.1-billion, a move likely needed in the wake of facing massive fines for using illegal software to cheat diesel emissions tests.
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