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How VW is shifting its strategy from empire building to efficiency

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Volkswagen has abandoned its decades-old obsession with empire building and no-expense-spared engineering to free up resources for the development and mass production of electric cars, its CEO Herbert Diess told Reuters. A global clampdown on toxic exhaust fumes has triggered a new wave of consolidation in the auto industry as carmakers look for ways to slash development costs for low-emission and self-driving technologies. While rivals such as FiatChrysler and Renault explore a $3

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How VW is shifting its strategy from empire building to efficiency originally appeared on Autoblog on Sat, 14 Sep 2019 09:25:00 EDT. Please see our terms for use of feeds.

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