Hyperdrive
Volkswagen CEO Faces Investor Calls to Sharpen EV Strategy
- Share performance lags behind competitors Renault, Stellantis
- VW aims to introduce €20,000 EV in 2027 to compete with BYD
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A year after Chief Executive Officer Oliver Blume defended his turnaround plan for Volkswagen AG, investors find themselves back at square one.
The German carmaker’s shares have gained only about 2.5% in the past 12 months, while other European high-volume manufacturers like Renault SA and Stellantis NV have surged.