VW's Diess delivers wake-up call on capital markets dilemma

"We haven't sufficiently proved yet that we can hold our ground in the new competitive environment -- our valuation is still located in 'old auto,'" Diess said. (Krisztian Bocsi/Bloomberg)

January 06, 2021 07:45 AM

The disruptive threats Herbert Diess saw coming for big, incumbent automakers soon after he took over the top job at Volkswagen Group are playing out as predicted -- only faster and in more dramatic fashion.

Featured Stories

Top 100 dealership groups grow used-vehicle sales by game-planning, adding stores

Tariffs dent global auto production outlook, new analysis finds

JP Clausen steps down as GM’s top manufacturing executive

Here’s our list of the 2025 top 100 dealership groups in used-vehicle sales

Latest News

JP Clausen steps down as GM’s top manufacturing executive

New design chief hopes people aspire to own Lincolns the way her immigrant father did

VW seeks to win back Chinese market share with new models, in-house automated driving

Stellantis restarts Canada plant, brings back hundreds of laid-off U.S. workers amid tariff uncertainty

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Porsche Experience Centre to open in Toronto in June

Scout hires former Bentley exec as COO, names new production boss

European sales up 3% in March, as EVs, plug-in hybrids and Chinese brands surge

Interactive data dashboard: Get the latest Europe sales and other key statistics

Staying current is easy with newsletters delivered straight to your inbox.