VW “New Auto” Seen As Reiteration Not Direction Change, While Electric Vehicles Fail To Convince

Investors were underwhelmed by VW’s “New Auto” strategy, said to be more of an echo than news. Some worried VW’s electric cars weren’t exciting the public. VW CEO Herbert Diess raised the profit target to an 8 to 9% and repeated the mantra of VW becoming the world leader in electric vehicle sales.

Source: https://www.forbes.com/sites/neilwinton/2021/07/15/vw-new-auto-seen-as-reiteration-not-direction-change-while-electric-vehicles-fail-to-convince/

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