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VW CEO says, 'Diesel will remain indispensable for the foreseeable future'

At the Volkswagen Group's annual general meeting, VW's CEO Mathias Müller reiterated the company's plans for developing and implementing environmentally friendly vehicles. These include the company's plans to have 30 EVs on the market by 2025, and plans to have 10 electrified models introduced across the group by the end of 2018. However, the company is far from done with internal combustion engines, and diesels are included. Müller's statement, "Diesel will remain indispensable for the foreseeable future," makes that abundantly clear.

According to the VW CEO, the company will be going to great lengths to make gas and diesel engines cleaner. Müller said the goal is to improve efficiency by 10 to 15 percent by 2020. The company will also be investing 10 billion Euros to make that happen. At current exchange rates, that comes to nearly $10.9 billion.

Müller did recognize that this might sound odd considering the fallout from the diesel scandal, as he also said, "This applies also and especially to the Euro 6 diesel, despite the current heated debate." We also believe this means that the company doesn't have any plans to bring diesels back to the US, instead only developing them for Europe. But since the targeted improvements in efficiency were described for all internal combustion engines, we'll likely still reap the benefits of more economical gasoline VW engines.

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