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Volkswagen Feels Pressed by Chinese Competitors and Tesla to Speed Up EV Shift

October 14, 2021
Source: autoevolution.com autoevolution.com
News Snapshot:
Despite being one of the most committed companies to the electric vehicles shift nowadays, Volkswagen would be feeling the heat from the competition with Chinese companies and Tesla. According to Reuters, Herbert Diess said the company could lose 30,000 jobs if it did not move faster. The company has rapidly denied that the group’s CEO would have said that. Still, Reuters said two different sources confirmed the conversation, first reported by the German newspaper Handelsblatt. What it confirmed is that the competition is making Volkswagen speed up the EV shift even more. A Volkswagen spokesman called Michael Manske told Reuters...
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