BERLIN, October 13 (Hfrance.fr) - Competition from new entrants in the automotive market German such as Tesla (TSLA.O) pushed Volkswagen (VOWG_p.DE) to accelerate the transformation plans of its main factory to the production of electric vehicles, the company said on Wednesday.
"There is no doubt that we need to improve the competitiveness of our plant in Wolfsburg in the face of new entrants to the market, "said Michael Manske, Volkswagen spokesman, indicating that Tesla and new Chinese automakers are making inroads into Europe.
" Tesla sets new standards for productivity and scale at Grunheide, "he said, referring to a Tesla plant under construction near Berlin which, at full capacity, will produce 5,000 to 10 000 cars per week - more than double the German production of battery electric vehicles (EVs) in 2020. read more
However, the spokesperson denied a report published Wednesday in the German newspaper Handelsblatt according to which the CEO of Volkswagen, Herbert Diess told a supervisory board meeting in September that the transition to electric vehicles could cost the company up to 30,000 jobs.
" There is a debate going on and there are already plenty of good ideas. There are no concrete scenarios ", Manske said of the report.
A spokesperson for the Volkswagen workers council said that while he would not comment on speculation as to whether Diess made the comments, "a cutting 30,000 jobs is absurd and unfounded ".
Electric vehicles have far fewer parts than an internal combustion engine car and therefore require less tworkers to produce. According to one estimate, 100,000 jobs in the auto industry could be lost by 2025 due to electrification.
German automakers are struggling to catch up with the more efficient production platforms of outright electric vehicle makers. While Volkswagen currently needs around 30 hours to produce its ID.3 electric car, Tesla only needs 10 to build a Model 3.
Diess previously said Tesla would. fuel competition in Germany. learn more
The Volkswagen plant in Wolfsburg, the world's largest with more than 50,000 employees, does not currently manufacture electric vehicles, but the company plans to produce a sedan thereelectric from 2026 as part of a plan called "Project Trinity ".
The German auto giant is also planning to 'List its car and power recharging business in addition to existing IPO plans for its battery pision, chief technology officer Thomas Schmall told the store in an interview published on Wednesday.
Schmall stated that nothing has been decided yet and that it will probably take up to two years before the new companies are created and ready for the stock market. Report by Zuzanna Szymanska and Victoria Waldersee Edited by Jason Neely and Mark Potter
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