VW Won’t Cut EV Prices To Match Tesla, CEO Says | Carscoops carscoops
sent shockwaves through the industry, but Volkswagen isn’t about to crumble and follow suit. That’s according to CEO Oliver Blume who has ruled out any price cuts for its ID-badged cars and crossovers.
Earlier this week Ford responded to Tesla’s decisions to chop up to $13,000 from the price of its Model 3 and Model Y cars by reducing the price of the Mustang Mach-E by between $600 and $5,900. But speaking to reporters from Germany’s“We have a clear price strategy and rely on reliability,”. “We trust in the strength of our products and brands.
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