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VW CEO sees case to build own battery factory

It will also cut 30,000 jobs in exchange for a commitment to avoid forced redundancies in Germany until 2025

Published Sun, Nov 20, 2016 · 09:50 PM
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Frankfurt

Europe's largest carmaker Volkswagen (VW) sees building its own factory to make electronic vehicle batteries as a logical move as it expands production of low-emission cars after its emissions scandal.

Volkswagen and its labour unions agreed on Friday to cut 30,000 jobs at the core VW brand in exchange for a commitment to avoid forced redundancies in Germany until 2025.

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