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FRANKFURT Volkswagen plans to sell electric cars for less than 20,000 euros which would be $22,836 and protect German jobs by converting more than three factories to make rivals to Tesla's models.

Tesla's currently in the early stages of ramping up the production of the Model 3, and despite the heavily advertised $35,000 price tag, that car can easily wind up costing closer to around $40,000 or $50,000, depending on options. 

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Plans for Volkswagen electric car, known as the MEB and with a volume of 200,000 vehicles, are due to be discussed at a board meeting on Nov. 16 in Germany.

The Wolfs burg Car Manufacture declined to comment on the plans, is also expected to discuss alliances with the battery cell manufacturer SK Innovation and one of their biggest rivals Ford.

Volkswagen strategy comes as cities start to ban diesel engine vehicles, which will come fully into place by 2022, forcing other car-makers to think of new ways to safeguard 600,000 German industrial workers, which 69% are car making jobs

Now to free up production capacity for electric cars in Hanover, Volkswagen transporter vans could be produced at a Fords biggest plant in Turkey.

Volkswagen's and Ford are in advanced talks about a joint effort to develop self-driving and futuristic electric vehicles and to complement each other’s global production.

Ford has massively strong sales and profits in the United States thanks to its exposure to the lucrative pickup truck segment, while Volkswagen dominates the market for passenger cars in Europe and Asia.


The final agreement will take place at the end of November.

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