Volkswagen CEO: we will keep up with Tesla but not without cuts

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Oct 28, 2021

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October 28, 2021

FRANKFURT (Reuters) – 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 final approval has been given by authorities.

Diess said the site was setting a new benchmark in terms of productivity, speed and lean management.

(Reporting by Christoph Steitz; Editing by Riham Alkousaa)

Source Link Volkswagen CEO: we will keep up with Tesla but not without cuts

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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.