VW was among the few incumbents believed to be survivors in the EV race in good measure for Diess’s focus but he rubbed a lot of people the wrong way and he got himself fired.
https://www.bloomberg.com/news/articles/2022-07-23/vw-s-bill…
Let’s see how Oliver Blume shapes up!
VW Taps Porsche’s Team-Playing Blume to Amp Up Tesla Chase
https://www.bnnbloomberg.ca/vw-taps-porsche-s-team-playing-b…
Denny Schlesinger
VW was among the few incumbents believed to be survivors in the EV race in good measure for Diess’s focus but he rubbed a lot of people the wrong way and he got himself fired. – Denny
Yep!
I expect VW to dial back some of the previously declared plans for EV conversion… probably to their detriment.
And yeah… telling unions they will lose jobs is usually not a way to win their support.
Rob
Former RB and BL Home Fool, Supernova Portfolio Contributor & Maintenance Fool
He is no fool who gives what he cannot keep to gain what he cannot lose.
Excluding Chinese firms which I don’t follow, it seems to me that Ford has the best strategy among incumbents to enter the age of EVs. Incumbent’s biggest problem is the pushback from the legacy crowds protecting their turf. By splitting Ford into ‘Ford Blue’ and Ford Model e’ Jim Farley reduces the turf wars, a strategy reminiscent of Lockheed’s Skunk Works.
Ford Splits Up ICE And EV Divisions Into ‘Ford Blue’ And ‘Ford Model e’
https://www.carscoops.com/2022/03/ford-splits-up-ice-and-ev-…
Missions Impossible: The Skunk Works® Story
https://www.lockheedmartin.com/en-us/news/features/history/s…
Denny Schlesinger