- Advertisement -Newspaper WordPress Theme
Investmentswe will keep up with Tesla but not without cuts By Reuters

we will keep up with Tesla but not without cuts By Reuters

© Reuters. FILE PHOTO: Volkswagen Group Chief Executive Officer Herbert Diess at a information briefing in Barcelona, Spain September 23, 2020. REUTERS/Albert Gea

FRANKFURT (Reuters) – Volkswagen (DE:) Chief Executive Herbert Diess on Thursday mentioned he was assured that Europe’s largest carmaker may keep up with Tesla (NASDAQ:), but added this could require additional price cuts, together with headcount reductions at its Wolfsburg website.

Tesla is planning to open its plant in Gruenheide close to Berlin, its first gigafactory in Europe, this 12 months though no last approval has been given by authorities.

Diess mentioned the positioning was setting a brand new benchmark by way of productiveness, pace and lean administration.

Disclaimer: Fusion Media wish to remind you that the information contained on this web site is not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Forex costs are not offered by exchanges but reasonably by market makers, and so costs might not be correct and will differ from the precise market worth, which means costs are indicative and not applicable for buying and selling functions. Therefore Fusion Media doesn`t bear any duty for any buying and selling losses you may incur on account of utilizing this information.

Fusion Media or anybody concerned with Fusion Media will not settle for any legal responsibility for loss or harm on account of reliance on the knowledge together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable relating to the dangers and prices related with buying and selling the monetary markets, it is likely one of the riskiest funding types attainable.


Please enter your comment!
Please enter your name here

Exclusive content

- Advertisement -Newspaper WordPress Theme

Latest article

More article

- Advertisement -Newspaper WordPress Theme