Tesla, the world’s leading electric vehicle manufacturer, is moving at twice the speed than its competitors, said Herbert Diess, CEO of Volkswagen AG, the world’s second-largest EV manufacturer, at a June 1 conference at the CAR Symposium conference in Bochum, Germany. Tesla has managed to secure its position despite factory shutdowns, a lack of computer chips, and…
Tesla’s EV Lead Outstrips Industry Rivals, but Not for Long, Says Volkswagen CEO
Volkswagen CEO Tells Staff There Are No Plans to Cut 30,000 Jobs
HAMBURG—Volkswagen has no plans to cut 30,000 jobs, CEO Herbert Diess told staff in an internal video message, hoping to fix his damaged relationship with the carmaker’s works council that deteriorated further in recent weeks. Diess said he was in talks with labor representatives on how the company’s Wolfsburg site, which the 63-year-old says lags…
Volkswagen CEO: We Will Keep Up With Tesla but Not Without Cuts
FRANKFURT—Volkswagen Chief Executive Herbert Diess on Thursday said he was confident that Europe’s largest carmaker could keep up with Tesla, but added this would require further cost cuts, including headcount reductions at its Wolfsburg site. Tesla is planning to open its plant in Gruenheide near Berlin, its first gigafactory in Europe, this year although no…
Tesla’s German Landing Will Fuel Competition: Volkswagen CEO
September 24, 2021
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FRANKFURT—The planned opening of Tesla’s first gigafactory in Europe later this year will force local industry to step up its game, Volkswagen Chief Executive Herbert Diess said on Friday. Diess’ comments, made on Twitter, come as Tesla continues work on its plant in Gruenheide, near Berlin, as it awaits final building approval for the 5.8…
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