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VW Soars Most Since Famous Short Squeeze on Plans to Beat Tesla

  • German carmaker follows up battery briefing with platform plan
  • Common stock surges most since 2008, driven by retail buying
Bloomberg business news
WATCH: "Profit pools are shifting from conventional engines to electric cars and then to autonomous cars," Diess tells Bloomberg.Source: Bloomberg
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Volkswagen AG shares surged the most since a historic short squeeze a dozen years ago after back-to-back days of briefings on how it plans to supplant Tesla Inc. as the global electric vehicle leader.