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Automakers

VW's new growth plan will reduce supply chain vulnerability

Diess at the 2019 Detroit auto show
VW Group CEO Diess: "Our competitors are no longer called Mercedes-Benz, Toyota Motor Corporation or Stellantis, but Tesla, Foxconn, Apple, LG Electronics, Uber." (REUTERS)
R
By:
Reuters
April 20, 2022 08:12 AM

BERLIN -- Volkswagen Group CEO Herbert Diess said the automaker's new growth plan would aim to reduce its vulnerability to the effects of global conflicts, such as supply chain disruption and rising prices, by divesting more power to its regions and brands.

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