Volkswagen delays launch of Trinity EV further, source says
) has pushed back the launch of a new ID.4 model from its next generation Trinity EV project to the early 2030s as part of a reshuffling of plans for the delayed programme, a person close to the company said late on Monday.
Originally set to launch a vehicle in 2026, the project was delayed by Diess' successor Oliver Blume due to software problems at the group's struggling Cariad subsidiary. In an internal document presented to the automaker's board, executives reasoned there was no longer a need to release another larger car on the SSP platform immediately, and so pushed back the release of another ID.4 and SUV to the early 2030s, according to the person, who declined to be named.Reuters was not able to independently verify the document.
The company said at its results conference earlier this month it would need to make significant cost cuts and reduce production capacity to revive margins.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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