VW CEO Diess
"Electric cars will no longer need government subsidies in a few years because by then they will usually no longer be more expensive to produce than ICE. Diesel is subsidized with €8bn in tax benefits per year which is several times more than government EV subsidies
Diess continued
"... Kerosene for aircraft is even tax-free. This distorts the market, is harmful to climate protection, and should "end as soon as possible"
Fully agree!
VW 🛳️🚢ship engines
"50% of the world's marine engines come from our Group. We could convert the engines to natural gas & then to ammonia propulsion in the next 15 years. That would fit well into the MAN Energy Solutions business model with great leverage for climate protection"
I strongly disagree with Herbert Diess position about ship engines and ammonia propulsion
Ammonia is a so-called e-fuel that pollutes, in the same way, the today used heavy oil with a high sulfur percentage does
Studies claim 1 ship pollutes equally to 25 - 50 Million ICE cars!
Bloomberg reports sources say to sell the shipping business is a consideration
VW"We are very pleased with the company's development which will already be reflected in the half-year figures & see great potential for MAN Energy Solutions under the VW Group umbrella in the future"
Diess strange statement about the shipping business may have been an intended advertisement to make it attractive for potential buyers
Shipping is clearly not a core business of VW and the Group is searching for cash
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He added that the work done so far shows "that we can significantly mitigate one or two problems by working hard and save many cars with flexibility in production"
Diess continued
"I expect we'll be able to catch up in the 4th quarter"
Diess concluded
"We are indeed having a hard time getting delivery commitments for 2023/2024 for our needs."
Semiconductor challenges remain for future years - a competitive advantage for Tesla
Diess
"But of course we have a strong overall raw material price increase that goes through steel to many of our primary materials. And it probably won't be possible to absorb all of that."
It has the same software as all MEB IDs showing gas stations instead of charging stations, is not responsive and ergonomic, no OTA yet and frustrates owners autonews.gasgoo.com/m/Detail/70018…