Volkswagen plans to sell electric cars for less than 20,000 euros ($ 22,836) and to protect jobs in Germany.
In this respect, the Germans are changing three factories to manufacture vehicles competing with Tesla, sources told Reuters, who wanted to remain anonymous, to write Agerpres.
Plans for VW's electric model, known as the "MEB Value", will be discussed at a supervisory committee meeting on November 16, sources say. The group plans to produce 200,000 vehicles of this type.
Another Model – UD Aero – will be produced at a factory in Emden, Germany, where VW Passat is currently being developed.
Volkswagen, the largest European automaker, will also negotiate alliances with rival Ford and South Korean company SK Innovation, which manufactures batteries for electric cars, sources said.
They determine that the electric bucket, ID Buzz, will be produced at the VW factory in Hannover, where the T6 truck is also produced. In order to increase the production of Hanover electric vehicles, VW pickups can be produced at the Ford plant in Turkey if the trade unions in Germany agree.
Other sources told Reuters recently that Volkswagen and Ford Formur had begun "exploratory talks" to jointly develop autonomous and electric vehicles in a strategic alliance that would allow both companies to save billions of dollars.
German and American automakers will provide information on the progress of the negotiations by the end of the year, said a source who wanted to remain anonymous.
Instead, Ford and VW spokesmen have just returned what they once said that the two companies are working together in the field of commercial vehicle development.
"Our memorandum of understanding with Volkswagen covers discussions on possible collaborations in several areas: it is too early to determine further details at this stageNo, "said Ford spokesman Alan Hall.
Manufacturers around the world negotiate alliances to share the costs of developing autonomous and electric vehicles. For example, this month, the Japanese group Honda Motor announced it would invest $ 2.75 billion and take control of Cruise Automation, the US giant GM, which is developing autonomous vehicles.
Volkswagen and Ford are pushing to launch more electric vehicles in Europe, where pollution rules are sharpened after the dieselgate scandal involving VW. On Tuesday, Volkswagen's chief financial officer Frank Witter said the German manufacturer was open to the idea of concluding alliances with other companies, especially in the field of autonomous cars.
Volkswagen and Ford have been part of a joint venture called IONITY, which also includes competitors BMW and Daimler, to develop a network of the fastest charging stations in Europe. Also, in July this year, Ford created a separate division of $ 4 billion in order to reorganize its autonomous vehicle activity and also began to look for external investors for this division.
Ford Motor Company has about 200,000 employees and 67 factories worldwide. Ford's second largest US car producer is also present in the Romanian market.