According to Electrek, the Supervisory Board of Volkswagen recently issued a statement expressing full support for Volkswagen CEO Herbert Diess’ transformation strategy in electrification and digitalization.
The Board stated that “since 2015, Herbert Diess has had a profound impact on Volkswagen. Without his contribution, the company’s transformation would not have been so smooth. The Board highly values Diess’ determination and perseverance in driving technological change and improving climate change. At the same time, Diess attaches great importance to the company’s financial performance. In the next few years, the Volkswagen Executive Board will execute the strategy with Diess as the highest responsible person. The Executive Board Chairman and his new team will receive full support from the Supervisory Board, not only in electrification and digital transformation, but also in improving the efficiency and profitability of all brands and departments within the Group.”
With the full support of the Supervisory Board, Diess may accelerate Volkswagen’s transformation. Today, BloombergQuint quoted insiders as saying that Diess plans to build Volkswagen’s largest factory near Berlin to compete with Tesla.
It is reported that Diess’ goal is to match Elon Musk’s target of reducing production time per car to 10 hours at Volkswagen’s Wolfsburg plant. Diess also reiterated that Volkswagen must reduce fixed costs to remain competitive, especially against the backdrop of competitors undergoing lean transformation during the COVID-19 pandemic.
🔗Sources: Electrek, BloombergQuint
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.