Monday, June 20, 2011

News Update: Volkswagen To Roll Out Gas-Electric Hybrids, Electric Cars

As part of a plan to become a leader int he battery-powered electric car sector, Volkswagen (VLKAY) is reportedly planning to launch gas-electric hybrids and fully-electric cars over the next few years, the Detroit News reports. CEO Martin Winterkorn believes his company will play a key role in "electrifying" the automotive world. The automaker has already started the production of a VW Touareg SUV hybrid and is planning to launch a Jetta hybrid in 2012, and Passat and Golf hybrids in 2013.

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