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From Electrek: Audi to cut gas and diesel R&D in order to fund electric car development...

Discussion in 'News from Electrek.co' started by RSSFeed, Jul 31, 2017.

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    Audi to cut gas and diesel R&D in order to fund electric car development with ~$12 billion, report says

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    Following the emission test cheating scandal and now allegations that the German automakers created a cartel to deploy their strategy to fake their emission cutting effort, the country’s industry is in a crisis.

    A likely winner to come on top of this disastrous situation is the electric car segment. German automakers have been investing in the technology in an attempt to distance themselves from diesel.

    In the latest example of that, Audi is reportedly trying to cut gas and diesel R&D by 10 billion euros (~12 billion USD) in order to finance its electric car development. more…

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