Volkswagen Group plans to create a 13th brand within the company, this time dedicated to mobility services.
At the 2016 Paris Motor Show VW chief executive Matthias Müller said that the new brand will be headquartered in Berlin and will have a full management team and structure. The new division's name and further strategy will be released in November.
Müller also said that VW aims to become at least the third-largest mobility services provider globally by 2025 and to grab the top market share in Europe during the same time frame.
He said, "We are creating a new Volkswagen that is tackling the fields of future importance with determination."
VW has already opened several Futures Centers and hired a mobility leader in chief digital officer Johann Jungwirth. VW will offer a series of mobility services − and has also said that it may even run a ride-hailing fleet directly.
Müller also said that, while VW believes the long-term future is in electric vehicles (EVs), "classic powertrains will continue to play a key role for the next two decade at least", including diesel options.
"We must and we will press ahead with the evolution of diesel and petrol engines. And at the same time, we will progress with alternative technologies."
VW revealed the ID electric car concept, which it said will be available in fully autonomous mode from 2025 onwards. The electric, autonomous concept car is the first to be based on the company's Modular Electric Drive Kit (MEB), with a stated range of more than 400km.
Since the emergence of Volkswagen Group’s turbodiesel emissions cheating, the company has been quick to announce its desire for electric powertrains.
The carmaker has so far set aside 17.6bn euros for fines, settlements and compensation.