Volkswagen holds out prospect of entry-level EV by 2027
The group including Volkswagen, Volkswagen Commercial Vehicles, Skoda and SEAT/CUPRA posted an operating profit of 7.3 billion euros ($7.99 billion), mainly due to higher unit sales.
VW Group Chief Executive Oliver Blume said on Wednesday that a decision on an entry-level model for around 20,000 euros would be made this year. (Image credit: Reuters)