VW launches mammoth bet on electric at IAA car show

VW launches mammoth bet on electric at IAA car showWith a new car and range sporting a spruced-up logo, German car giant Volkswagen enters the Frankfurt IAA car show hoping bets worth tens of billions of euros will pay off. The new model, known as ID.3, is the highest-profile response from Germany to strict new European carbon emission limits and to battery-powered competition from the US and China. The ID.3 was unveiled to the media on Monday, with VW chief executive Herbert Diess saying "the car for the new era is here".




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