VW gets reality check on its EV transition after Tesla’s week of milestones

FRANKFURT — It’s been a sobering week for Herbert Diess’ electric vehicle ambitions. While Tesla joined the trillion-dollar club, received a landmark order from Hertz and set a new sales record in Europe, the Volkswagen chief presented a sales and deliveries outlook cut and a drop in quarterly profits that drove home one point: Dethroning […] October 31, 2021 at 07:43AM