At Volkswagen Group, the next generation of flexible component sets will be the last engineered for internal combustion engines.
This decision of Volkswagen is making a strategy shift towards battery driven vehicles comes at a time when the company has admitted to diesel emission cheating scandal in 2015 which forced the automaker to shell out over 27 billion Euros in fines.
"We're gradually fading out combustion engines to the absolute minimum", Jost said.
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 spokesman confirmed Jost's remarks meant that VW, Europe's and China's bestselling passenger vehicle brand, will focus on electric cars instead.
Volkswagen Group has announced its intentions to bring the development of petrol and diesel powered cars to an end after 2026.
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Volkswagen hasn't been shy about its electric vehicle ambitions and this will reportedly mean the demise of the internal combustion engine.
The confirmation is likely to impact all brands that sit within VW Group ownership.
Volkswagen has already said it will offer more than 50 electric cars by 2025 as part of ambitions plans outlined in the Strategy 2025 proposal.
That would be an increase from the five on sale in the United Kingdom today.
The automaker's plan is tied not only to its own electrification strategy, but to the climate goals of 2050, which Jost indicated could only be achieved if not a single internal combustion auto is on the road in that year.
Volkswagen has also confirmed that it will streamline its model range and increase vehicle costs to improve profitability. In Europe, the brand will be discontinuing 25 percent of the engine-transmission variants with low customer demand in the coming model year. The automaker will extend a cost savings and efficiency program at its core brand beyond 2020 and seek an additional 3 billion euros in cost savings by 2023.
The accident has brought questions into Amazon's safety practices and the use of robots in the workplace. The safety of our employees is always our top priority and a full investigation is already underway .
The Times newspaper reported that senior ministers were urging the prime minister to delay it for fear of a rout. MPs have restarted their five-day long debate on Theresa May's Brexit deal in the House of Commons .
The Environmental Protection Agency announced Thursday a plan to roll back Obama administration-era coal emissions standards. This year will see the second-greatest number of USA closings of coal-fired power plants on record.
Mr von der Goltz, 81, who is also German and used to live in the U.S. , was arrested in London on Monday. Mr Owens, a 50-year-old Panamanian citizen, worked for Mossack Fonseca as a lawyer and remains at large.
Crown Prince Mohammed said in a tweet that the pope "is a symbol of peace, tolerance and the promotion of brotherhood". In March, Francis is due to travel to Morocco, while a 2019 trip to Japan is also under consideration.
Of course, that's still "pretty doggone tight", said Randy Frederick, vice president of trading and derivatives at Charles Schwab. He's a finance professor at Duke, and the man who first demonstrated that the yield curve can act as a recession predictor.
The company was quick to express its gratitude for his act of kindness. "So Merry Christmas to everybody", he added. Benson, 71, recently paid for almost $100,000 worth of layaway items at a Walmart in New Orleans.
The Cheesecake Factory is giving out free cheesecake today!
A spokesperson for DoorDash says the food delivery company is aware of the incident and cooperating with local law enforcement. The delivery app will also be offering a $0 delivery fee on all Cheesecake Factory orders from December 5 to December 11.
NASA partners with private companies to return to the Moon
The CLPS contracts have a combined maximum value of $2.6 billion over the next 10 years, so companies are eager to win them. NASA's current plan is to start by sending gear to the Moon , and build an orbiting lunar station beginning in 2022.
Kyler Murray wins Davey O'Brien Award
Tua Tagovailoa will have to wait until Saturday to find out if he's the victor of college football's top prize. He joins Henry (2015) and McCarron (2013) as the only Crimson Tide players to win the Maxwell Award.