CEO of Volkswagen Herbert Diess introduces the new VW ID.3 at the IAA Auto Show in Frankfurt, Germany, Monday, Sept. 9,2019. (AP Photo/Michael Probst)
MILAN: Volkswagen does not expect the shift in production towards electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, chief executive Herbert Diess said in a newspaper report yesterday.
“We do not expect a deterioration in margins. Our advantage is that all our brands have the same platform for electric products and the same batteries that we buy in China, ” Diess said in an interview with daily la Repubblica’s Monday supplement A&F.
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