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Volkswagen (NASDAQOTH: VLKAY ) unveiled an ambitious new goal this week: VW wants to become the world's leader in "electric mobility," its catch-all term for hybrids and electric cars.
In recent years, VW's leadership has made a habit of announcing outrageous-sounding goals -- and then making them happen. But this is a daunting challenge: Toyota (NYSE: TM ) is undisputably the world's hybrid-car leader, Nissan (NASDAQOTH: NSANY ) has sold more electric cars than anybody, and Ford (NYSE: F ) has seen its hybrid sales grow rapidly of late.
Does VW really think it can pass all of these giants -- along with Tesla Motors (NASDAQ: TSLA ) , which is on its way to what it hopes will be 500,000 electric-car sales every year in a few years? In this video, Fool contributor John Rosevear looks at VW's ambitious plan -- and at what it will need to do to make this wild-sounding goal a reality.
2 exciting auto opportunities in China
There's good reason to believe that the most successful investors over the next few decades will be those with exposure to China's massive and growing population of domestic consumers. And there are few things that these consumers are likely to purchase with more enthusiasm than cars and trucks. In this brand-new free report, our analysts get out in front of this trend by identifying two automakers that are poised to surge along with China's middle class. If you want to be among the smart investors who get rich from this growing trend, then you'd be well advised to instantly download our free report on the topic by clicking here now.