Wolfsburg's company sees electrification as the long-term development of motor traffic, with the logic that technological transitions are not made because old technology is banned but because the new one becomes better, cheaper and more practical. As in the early 20th century people gradually abandoned horses for cars, so Volkswagen [...]
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Another huge investment in the car industry seems to be in a state of uncertainty because of the conditions prevailing in the car market. Over the past few years, more and more car manufacturers have been reviewing the plans they had presented in previous years for electrification, as the slowdown of the market, uncertainty about subsidies and the growing [...]
There are crises that leave marks and crises that overturn everything. What the great European motor giants are experiencing today is in the second category. The electric drive and rise of the Chinese car industry do not simply function as pressing factors. They overthrow business models built in decades, break down strategies that seemed indisputable and still challenge [...]
