Well, CEO Diess stepped in to smooth over the Dieselgate fiasco and acclelerate the move towards EVs...
Porsche's Oliver Blume will assume the role of CEO.
I suspect VW's poor margins made the costly switch to electric drivetrains tough to achieve.
Porsche margins are skyhigh; they are in Tesla territory, but their vehicles are a totally different target market than VW.
i'm sure there is much more to the story. I wish the new guy well.
Porsche's Oliver Blume will assume the role of CEO.
I suspect VW's poor margins made the costly switch to electric drivetrains tough to achieve.
Porsche margins are skyhigh; they are in Tesla territory, but their vehicles are a totally different target market than VW.
i'm sure there is much more to the story. I wish the new guy well.
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