Follow Tesla, but not without cuts


Herbert Diess, CEO of the Volkswagen Group, at a news briefing in Barcelona, ​​Spain on September 23, 2020. (AlbertGea / Reuters)

Frankfurt — Volkswagen CEO Herbert Diess said Thursday that he was confident that Europe’s largest carmaker could catch up with Tesla, including headcount reductions at the Wolfsburg site. He added that further cost savings would be needed.

Tesla plans to open a factory in Grünheide near Berlin, Europe’s first Gigafactory, without final approval by the authorities.

According to Dís, the site sets new benchmarks in terms of productivity, speed and lean management.

Reuters

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