Volkswagen expects to be the most profitable electric automaker

Volkswagen CEO Herbert Diess on Friday stated he expected the multi-brand automaking group to be the most profitable manufacturer of electric cars due to economies of scale.

Even first generation vehicles, which start presenting production lines next year, are expected to make a positive impact to Volkswagen Group’s automotive margin, Diess stated.

Diess further said the management board would make a strategic decision regarding the future of its autonomous driving program in the first quarter of 2019.

Ford and Volkwagen are currently discussing about potential cooperation in several areas, including on how to share the expenses of developing autonomous cars, Diess stated.