Volkswagen has announced a series of important strategic decisions that will have a significant impact on the company's future.
Besides revealing an all-electric Phaeton is on the agenda, VW also disclosed today plans to cut annual investments by €1 billion compared to the initial planning, as a measure to have access to more funds to handle the messy Dieselgate. Speaking of which, in order to avoid problems in the future regarding its TDI engines, Volkswagen will implement "as soon as possible" only SCR (Selective Catalytic Reduction) and AdBlue technology on its diesel cars sold in Europe and North America.
The company's board of management has also revealed VW will continue development of the flexible MQB platform by focusing on more efficient plug-in hybrid models with increased range as well as on pure electric cars that will have a maximum range of up to 300 km (186 miles). In addition, the modular platform will also serve as foundation for more efficient gasoline, diesel and CNG cars while a 48-volt power supply for mild hybrids is also in the works.
Lastly, Volkswagen is also working on an MEB electric toolkit for future compact passenger and light commercial vehicles. It will be a standardized system compatible with all body structures and vehicle types and will provide these cars with an all-electric range varying from 250 to 500 km (155 to 310 miles).