VW's Diess expects bigger profits from electric cars soon

VW Diess agm May 12 2022 — Herbert Diess, pictured at VW Group's annual meeting, intends for the automaker to overtake Tesla and become the world's No. 1 electric-car maker by 2025.

By:

Reuters

May 12, 2022 01:57 PM

BERLIN – Volkswagen Group expects its electric-vehicle business to be as profitable as its combustion engine cars sooner than planned, CEO Herbert Diess said.

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