Until its "dieselgate" emissions scandal was revealed two and a half years ago, Volkswagen (VW) had been slow to embrace electric cars. 'But it's our job to solve these problems, I'm firmly convinced that diesel will experience a revival'.
VW past year started looking for partners in China, Europe and North America to provide battery technology worth more than 50 billion euros. "The diesel engine is one of the most efficient drive systems now installed in vehicles, and also very clean thanks to the multi-stage exhaust gas purification process".
Volkswagen group almost doubled its 2017 operating profit even as it pushes a costly strategic shift to electric and self-driving cars and grapples with its diesel emissions cheating scandal.
"We are investing strongly in tomorrow's mobility, but without neglecting the current technologies and vehicles that will continue to play an important role for decades", Mueller said.
Fallout from the scandal cost it 3.2 billion euros last year, it said in February, but did not hold it back from booking 11.4 billion euros in profit - around the same level as the year before "dieselgate" became public.
Meanwhile, VW finance chief Frank Witter told journalists Tuesday that the group "takes very seriously" protectionist threats from US President Donald Trump.
However, "there are still other tariff questions being discussed", Witter recalled, in a reference to Trump's declaration that he would tax auto imports from Germany if the European Union responded in kind to his border levies.