Skip to content
Subscriber Only
Markets
Hyperdrive

VW CEO Urges ‘Radical Overhaul’ to Tackle Technology Shift

  • Diess echoed ex-Porsche CEO comment that triggered labor clash
  • Automakers face growing challenges to revamp business models
A robotic arm scans the body of a Volkswagen ID.3 electric automobile at a factory in Zwickau, Germany.
Photographer: Krisztian Bocsi/Bloomberg
Updated on
From

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Volkswagen AG Chief Executive Officer Herbert Diess told top managers that the world’s largest automaker needs to undergo a “radical overhaul” in the face of industry change or risk being pushed aside.