Stay updated with breaking news from Thomas Schaefer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Volkswagen SA is pulling back from the lucrative European market as a result of SA falling too far behind in its transition to electric vehicles, though the Nelson Mandela Bay-based auto giant is gearing up to manufacture a state-of-the-art new-energy vehicle at its Kariega plant.
The new product will be aimed primarily at South Africa and other African markets, says global CEO Thomas Schaefer
Company is also developing a new business model that will focus more on SA and Africa and less on exports.
Thomas Schaefer says the German automaker will launch 10 new battery-electric ID. models by the end of 2026.
EU reaches a legal agreement to ban new fuel vehicles from 2035. In fact, some companies are already announcing that they will stop