VW Up! will only cost 900 euros to build - report
By Zack Newmark
July 3, 2009 6:17 PM
Filed Under: Electric Vehicle, German, Production, Rumours, Volkswagen
Volkswagen is planning to markup th cost of the Volkswagen up! by as much as 1000%. A report in Autocar claims the diminutive car will be manufactured in India at a cost of roughly €900. The company will then turn around and sell the cars for roughly €9,000.
Of course, this does not factor in the additional costs of either import & export taxes, nor does it include shipping & transportation fees. These costs will certainly cut into VW's profit margin on the car. However, the company could just as easily add a "destination charge" on top of the sticker price to maximize their profits.
We first saw the Volkswagen up! in concept form during the Frankfurt Motor Show in 2007. Volkswagen has since said they will produce as many as 1.4 million models of the up!, including versions badged under Audi, Seat and Skoda. Eventually, the company may accomodate customers looking for either an electric, hybrid, or four-door model. The company has in the past shown off concept versions of both a sedan and electric up!
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Comments
Edited by user on July 3, 2009 at 7:22 PM
You REALLY need to check your sources before you go shooting your mouth off!
autoblog once in a while already calls these guys "not the best source"
Surely some do, but if you shoot out hundreds of "inside sources" some of them have to happen.
I really wonder just how the field will look in about 30 more months or so when the "dust" has had time to settle!
When one company starts off-shoring, others have to follow suit to be competitive. What, other than public relations and existing union contracts, is to keep auto manufacturers to move as much production as possible to India or China?
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Edited by user on July 3, 2009 at 6:43 PM