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Automakers look to disrupt at this year's Paris Motor Show

Aug. 27, 2016 11:16 AM ETVolkswagen AG (VWAGY) StockF, GM, MBGAF, TSLA, VWAGYBy: Clark Schultz, SA News Editor201 Comments
  • Volkswagen (VLKAY) plans to unveil an electric vehicle at the Paris Motor Show which will get 300 miles of driving range off a single 15-minute charge.
  • Though the selling specification might only be limited to available charging infrastructure with the required voltage, it's still a significant marketing point from the world's largest automaker.
  • Reports indicate the Golf model-sized EV will arrive in late 2018 or early 2019.
  • Earlier this summer as part of its Diesel scandal reset, Volkswagen announced a target to have 30 new EV models by 2025.
  • More than 24 new EV models are due to showcased at the Paris Motor Show in October at last check, including highly-anticipated looks at new EV models from Mercedes-Benz (OTCPK:DDAIF) and the European version of the Chevy Bolt (NYSE:GM) with the Ampera-E debut.
  • All the EV buzz is sure to factor in to how investors gauge long-term demand for Tesla Motors (NASDAQ:TSLA) with the Model S, Model X, Model 3, and beyond.
  • An interesting side note is that Ford (NYSE:F) is skipping the Paris event. The Detroit player's launch schedule didn't justify the cost and its long-term autonomous vehicle strategy is just now being mapped out.

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