VW says final generation of combustion engines will launch in 2026

Marco Green
December 7, 2018

The Volkswagen brand now aims to raise its profit margin to at least 6 percent in 2022, three years earlier than initially forecast.

A spokesman for VW confirmed Jost's remarks meant that VW - which is Europe and China's best selling passenger vehicle brand - will focus on electric cars instead in eight years' time.

The company did not give any details about job cuts, but ruled out forced redundancies.

Volkswagen said it aimed to reduce administrative expenses and achieve a "massive reduction" of complexity in the brand's model lineup even while adding EVs to it.

The brand will axe a quarter of its engine and gearbox variants in Europe, concentrating mainly on the high-demand combinations of drivetrains and trim, to simplify production.

Entry level motorizations will only come with manual transmission in future and will no longer offer the option for an automatic transmission or all-wheel drive, Brandstaetter said.

The VW brand accounts for about half of the 12-brand VW Group's global deliveries.

It'll take some time for the internal combustion engine to disappear entirely, however.

"In the year 2026 will be the last product start on a combustion engine platform."

The first such electric vehicle will be the Porsche Taycan which will be introduced next year and will be followed by more such offerings as the company has set apart $50 billion (Rs 3.5 lakh crore) over the next five years towards transformation to self driving electric cars.

"Our colleagues are working on the last platform for vehicles that aren't Carbon dioxide neutral", he said at an industry conference near the company's headquarters in Wolfsburg, Germany on Tuesday, according to Bloomberg. From that point, VW will merely modify, rather than overhaul, its platforms for combustion engines.

Other reports by Click Lancashire

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