Volkswagen to launch its last combustion engine in 2026

Volkswagen to launch its last combustion engine in 2026

VW expects the era of the combustion vehicle to fade away after it rolls out its next-generation gasoline and diesel cars beginning in 2026.

Michael Jost, Volkswagen's head of strategy said that the firm's employees were working on "the last platform for vehicles that aren't Carbon dioxide neutral".

A key goal is to improve margins at its mass-market VW brand, which is its largest division by sales but which has long lagged the profitability of rivals such as Japan's Toyota due in part to high labor costs at its German plants.

The VW brand aims to invest more than 11 billion euros in electric vehicles, digitalization, autonomous driving and mobility services by 2023, with the bulk earmarked for electric cars, the company said.

Bloomberg reports that Volkswagen Group will introduce a new generation of gasoline and diesel cars beginning in 2026. It's also under the same pressure as the broader vehicle industry to hit tough emissions targets to combat climate change.

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Volkswagen's core brand aims to raise its profit margin faster than previously planned despite rising investments in the development of electric vehicles, the carmaker said on Thursday.

This includes mainstream auto makers like Audi, Seat and Skoda as well as the luxury arm of the motor giant, which has Bentley, Lamborghini and Porsche on its books too. VW plans to launch fully or partly electric versions across its lineup of more than 300 cars, vans, trucks and motorbikes by 2030.

That would be an increase from the five on sale in the United Kingdom today.

Jost also predicted that the last vehicle with a combustion engine would be sold around 2040, which is when the United Kingdom is set to introduce a ban on the sale on new petrol and diesel cars.

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.

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