Company also plans to turn the next version of its large Phaeton luxury sedan into an electric
Volkswagen logo (Photo: PTI)
Frankfurt: Volkswagen’s (VW) flagship brand will switch to new diesel emissions control technology in Europe and North America as well as cut a billion euros ($1.1 billion) in annual investment spending.
VW brand head Herbert Diess made the announcement on Tuesday as the company struggles to overcome a scandal over the fact that some of its cars are equipped with computer software that let them evade US emissions tests.
Mr Diess said that the company would change its diesel technology in Europe and North America and install systems that use a mixture of the chemical substance urea and water to reduce diesel emissions.
He said that the change would come “as soon as possible.”The company would extend its low-cost manufacturing techniques and reduce spending on investments, he added.
The company also plans to turn the next version of its large Phaeton luxury sedan into an electric-only vehicle to demonstrate the company’s technological competence.
( Source : AP )
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