Reuters
Volkswagen’s $2 billion Trinity electric vehicle plant in doubt
HAMBURG (Reuters) -Volkswagen Chief Executive Oliver Blume is reviewing whether to stick to a plan to build a new plant to assemble its Trinity electric vehicles (EV) or to use its existing Wolfsburg factory, a source told Reuters on Thursday. Volkswagen, the world’s second-biggest carmaker, had planned to start building the 2-billion-euro ($2.06 billion) factory in 2023 and produce its flagship electric sedan there from 2026, with a view to accelerating the manufacturing process. Manager Magazine reported earlier on Wednesday that Blume was considering delaying production of the new model until 2030 and abandoning plans to launch it on the Scalable Systems Platform (SSP), which is intended eventually to replace all other platforms.