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Benzinga
Benzinga
Technology
Rachit Vats

Volkswagen Sets Eyes On $22K EV As It Looks To Rival Tesla, CEO Says Focus On Simplifying Company Structure, Building Up Competencies

Volkswagen Group (OTC:VWAGY) CEO Herbert Diess said on Wednesday self-driving technology will be a big game-changer in the coming years and that the German automaker is working on a $22,000 electric car as it speeds up efforts to overtake current market leader Tesla Inc (NASDAQ:TSLA) in the electric vehicle space.

VW And Self-Driving: Diess talked about autonomous driving, which he sees as the biggest gamechanger for the automotive industry. 

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