vimarsana.com

Page 7 - பேட்ரிக் ஹம்மல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

VW chief s imitation of Elon Musk helps turns carmaker into market darling

VW chief’s imitation of Elon Musk helps turns carmaker into market darling By Christoph Rauwald Save Normal text size Advertisement Volkswagen has swiftly gone from corporate dinosaur status to stock market darling, and its chief executive officer’s imitation of Elon Musk has a lot to do with it. Herbert Diess has taken a page out of the Tesla CEO’s script for captivating investors big and small, taking a hands-on role in getting VW’s message out on social media and staging splashy events big on ambition. It’s paying off — the carmaker’s common shares are now up almost 70 per cent this year while the more liquid preference shares are up more than 40 per cent.

VW chief s imitation of Elon Musk helps turns carmaker into market darling

VW chief s imitation of Elon Musk helps turns carmaker into market darling
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.

If Tesla is the Apple of electric vehicles, Volkswagen is betting it can be Samsung

Synopsis The pivot won’t be cheap. VW announced it plans to build six battery factories across Europe by 2030, which BloombergNEF estimates would cost about $29 billion. It is also making investments in unifying the design of its battery and in recycling precious metals. Reuters Apple Inc. built an ecosystem that integrates hardware innovations such as processing chips and camera sensors with software lock-ins like the iOS operating system and the App Store. “Let me begin with the obvious: e-mobility has won the race,” Herbert Diess, CEO of Volkswagen AG, said on Monday. “It is the only solution to reduce mobility emissions fast.”

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.