Volkswagen

If Tesla is the Apple of electric vehicles, Volkswagen is betting it can be Samsung

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If Tesla is the Apple of electric vehicles, Volkswagen is betting it can be Samsung

“Let me begin with the obvious: e-mobility has won the race,” Herbert Diess, chief executive officer of Volkswagen AG, said on Monday. “It is the only solution to reduce mobility emissions fast.” Diess was speaking at an event VW dubbed “Power Day,” where the company laid out its big plans for beating Tesla Inc. and … Read more

Volkswagen looks to electric vehicles, cost cuts for profit recovery

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Volkswagen looks to electric vehicles, cost cuts for profit recovery

Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world’s second-largest carmaker said on Tuesday, a day after outlining an ambitious electric mobility expansion. “Our good performance in 2020, a year dominated by crisis, will give us momentum for accelerating our transformation,” Chief Executive Herbert Diess said … Read more