Volkswagen Planning A New North American Factory For Electric Cars

Scott Keogh, president of Volkswagen of America Inc., speaks during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, Calif., on Wednesday.

The European carmaker is planning to introduce a $30,000 to $40,000 electric car in 2020 to compete with similarly priced American vehicles.

(Image credit: Dania Maxwell/Bloomberg via Getty Images)



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