But Not Germany’s reborn Borgward brand has issued a preview for its first new model in 54 years, a luxury SUV that will be unveiled in Frankfurt on September 15. The new model, which is based on the Mercedes-Benz S-Class, features an all-electric powertrain and a range of up to 300 kilometers (250 miles) per charge. Borgward's bold plans include building and selling 800,000 vehicles by 2020 and then 1.6 million units by 2025. The company's ambitious strategy has international backing from Chinese vehicle maker Foton Motor Company.
Germany’s reborn Borgward brand has issued a preview for its first new model in 54 years, a luxury SUV that will be unveiled in Frankfurt on September 15. The new model, which is based on the Mercedes-Benz S-Class, features an all-electric powertrain and a range of up to 300 kilometers (250 miles) per charge. Borgward's bold plans include building and selling 800,000 vehicles by 2020 and then 1.6 million units by 2025. The company's ambitious strategy has international backing from Chinese vehicle maker Foton Motor Company.