Volkswagen will build a one litre car within the next three to four years, according to supervisory board chairman Ferdinand Piech.
Piech told Braunschweiger Zeitung, a newspaper local to the Volkswagen Wolfsburg site, that a one litre car (consuming just one litre of fuel for every 100km [60 miles] driven) had been made possible by falling prices for lightweight body parts and in particular for plastic parts.
Piech said a plastics manufacturer had told hime that parts that currently cost EUR35,000 to produce would cost just EUR5,000, meaning that they become economically viable. "That was not possible in my time," said Piech, formerly CEO of Volkswagen. "This is progress."
According to dpa-AFX, Piech was driven to his last annual general meeting as CEO in a small two-seat one litre car prototype. The car had a carbon body and consumed just 0.89l of fuel per 100km.
Piech was critical of his successor Bernd Pischetsrieder who ceased development work on both the one litre car and a cheaper-to-produce three litre version.
With Martin Winterkorn now heading up the VW Group, Piech said that the cars would be revived after a development period of three to four years.