Technology Stocks : The Electric Car, or MPG "what me worry?"

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From: Eric9/29/2017 8:27:54 AM
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Audi To Build Electric Cars At Multiple Plants Around The World, Including In Mexico & Hungary

September 28th, 2017 by James Ayre

Electric vehicles will be manufactured at multiple sites around the world amongst Audi’s global network, rather than just at one, the company has revealed.

The comments, which were made by Audi CEO Rupert Stadler at the company’s facility in Ingolstadt, seem to suggest that the company is at least somewhat serious about its plans for the electric vehicle market.

Stadler stated: “In future, electric cars will roll off the line in all of our plants.” That would include sites in Mexico, Belgium, and Hungary, as well as the sites in Germany.

Reuters provides more: “The Volkswagen-owned business last year awarded production of its first mass-produced electric sport-utility vehicle to a plant in Brussels, and has since been pressured by labor unions to allocate electric car projects to Germany.

“Besides Ingolstadt and Neckarsulm in Germany, which employ two thirds of Audi’s 88,000 workers, the carmaker owns plants in Belgium, Mexico, and Hungary and uses a network of facilities run by Volkswagen (VW) and Skoda to build vehicles overseas.”

Separate to the comments from Stadler, the labor boss Peter Mosch stated that he expected company management to begin assigning EV production to German facilities very soon.

Mosch stated: “The workforce here wants to see results no later than by the end of this year. … We need clarity.”
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