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The Latest Breaking News from Herbert Diess

Volkswagen takes on US, China rivals with battery factory

Salzgitter (Germany) (AFP) - Volkswagen celebrated Thursday the beginning of work on its first in-house battery factory, as the German auto giant looks to head off competition from US and Chinese electric vehicle upstarts.

AFP

Here's Why Volkswagen CEO Thinks Tesla Is Weakening Itself Right Now

The battle for dominance in the electric vehicle market is heating up and Volkswagen AG (OTC: VWAGY) believes it can pass Tesla Inc (NASDAQ: TSLA) in the coming years.

Benzinga

Volkswagen Boss Herbert Diess: New Plants Will Drain Tesla's Strength

Herbert Diess said that Tesla's issues at the Giga Berlinand Giga Austin plants, plus expansion of Giga Shanghai, will drain strength out of Tesla.

InsideEVs

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Luxury Car Makers Drive Formula One to Survive

Formula One motor racing might be just the kind of noisy marketing tool luxury car makers need in the hush of the electric era.

Bangkok Post

Volkswagen Is Coming for Tesla's Throne

Volkswagen is slated to debut the pre-production concept of its ID. AERO electric limousine.

The Street

Volkswagen Boss Herbert Diess: Race With Tesla Will Be Tight

The electric car market is becoming more and more interesting as new automotive groups intend to challenge Tesla's dominance.

InsideEVs

Volkswagen CEO Makes a Revelation About Tesla

Herbert Diess acknowledges Tesla's strength as he seeks to turn on the heat on the competition.

The Street

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Is Elon Musk Headed For Burnout With Tesla CEO's Risky Plan To Buy Twitter?

Elon Musk's play to buy Twitter could leave him running five multibillion-dollar companies at once. Will he lose focus?

Investors Business Daily

Noted Tesla Analyst Sees Auto Pricing Power Shift From Dealers Toward Suppliers

Long-lasting global auto semiconductor chip shortages could ease sooner than expected on the back of strong foundry shipments, consumer electronics slowdown and China re-opening, Morgan Stanley analyst Adam Jonas said on Tuesday.

Benzinga

Volkswagen Chief Sees EV War Intensifying With Tesla

Volkswagen AG (OTC:VWAGY) chief saw Tesla, Inc (NASDAQ:TSLA) needs to ramp up highly complex factories and acquire qualified workers to win the electric vehicle race despite its twice the industry pace in multiple processes, Reuters reports. Tesla, which posed a challenge to German EV production with its new plant near Berlin, was privileged by…

Benzinga

Davos 2022: Volkswagen CEO warns of cost from 'long-lasting' war in Ukraine

The agenda of the World Economic Forum in Davos has been dominated by the war in Ukraine and its implications for the global economy and supply chains. Volkswagen CEO Herbert Diess spoke to our Business Editor Kate Moody on the sidelines of the event. He warned that a "long-lasting" war…

France 24

VW's Scout Brand Announcement Has Dealerships Wanting Answers

Who and how is going to sell the new products?

Motor1

VW CEO Follows GM's Lead, Reiterating Goal To Overtake Tesla By 2025

VW Group CEO Diess shared that once the supply chain issues are resolved, it should help Volkswagen to start ramping up momentum once again.

InsideEVs

Who Can Beat Tesla On EV Sales? This Company CEO Believes So

Volkswagen AG (OTC:VWAGY) CEO Herbert Diess said Volkswagen can overtake Tesla, Inc. (NASDAQ:TSLA) as the world’s largest seller of electric vehicles by 2025, CNBC reported. Stabilizing supply chain woes would help the German carmaker to increase production in the coming months, the CEO said. He expects some relief from the semiconductor supply market to…

Benzinga

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The Street

Volkswagen Revives an Iconic Brand Against Tesla, Ford and GM

The German group wants a large share of the market for electric pickups and SUVs

InsideEVs

Elon Musk Says VW Is Second Only To Tesla In Electric Vehicles

Tesla CEO says VW is doing the most on the electric vehicle front besides Tesla and can be viewed as a startup from an EV standpoint.

The Street

Volkswagen Makes a Promise That Tesla May Not Like

Volkswagen's top executive admits being caught flatfooted by Tesla, but still wants to be the top EV seller.

The Street

Volkswagen CEO Talks Big in Battle With Tesla

Volkswagen's top executive admits being caught flatfooted by Tesla, but still wants to be the top EV seller.

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Benzinga

'Tight Race But Won't Give Up:' Volkswagen CEO Praises Tesla Again, Says Elon Musk's Pace Surprised Him

Volkswagen Group (OTC; VWAGY) CEO Herbert Diess has reportedly praised rival Tesla Inc (NASDAQ: TSLA) yet again, saying the Elon Musk-led company's speed of expansion took him by surprise.

InsideEVs

VW CEO Expects Tight Battle To Overtake Tesla In EV Sales By 2025

While the race could be tougher than VW expected, the German carmaker maintains its goal to become the world's top EV maker by 2025.

The Guardian - UK

VW boss admits speed of Tesla’s expansion surprised him

In terms of electric car sales, Herbert Diess says Volkswagen may not catch up with Elon Musk’s firm for a while

Motor1

VW Group Boss Says It’s Too Early To Go All-In On EVs

The customer demand is there though, said Herbert Diess.

Motor1

Audi McLaren Deal Becoming Increasingly Unlikely

Audi might be looking at alternative teams if the deal falls through.

AFP

Volkswagen trains sights on US as profits jump

Frankfurt (AFP) - Volkswagen's first-quarter net profit almost doubled as the German automaker looked anew to the North American market to drive growth after years of muted presence there over "dieselgate", company results showed Wednesday.

Daily Mirror

Red Bull could form daunting alliance as Audi and Porsche make Formula 1 decision

Red Bull Racing, the home of current world champion Max Verstappen, could be set for another major boost in 2026 by forming an alliance with a newly formed team in F1

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