“We are in front of the tipping point, I am 100 percent convinced.”
Hinrich J. Woebcken, CEO of Volkswagen’s North America, puts all his hopes on electric and autonomous vehicles after diesel gate. He hopes for a reallocation of former diesel budgets to hybrid and electric vehicles.
“There are very few things that are certain in this market – apart from one, and that is that small displacement diesels are dead.”
Fiat Chrysler boss Sergio Marchionne has derived at similar conclusion like his colleague but remains reluctant in terms of electrification.
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