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VW CEO says carmaker faces same fate as Nokia without urgent reforms

Ford President and CEO Jim Hackett and Volkswagen AG CEO Dr. Herbert Diess at a news conference
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FRANKFURT (Reuters) - Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia , which lost its dominance in the handset market to Apple ."The big questions is: are we fast enough?," Diess told VW's senior managers following a global board meeting on Thursday. "If we continue at our current speed, it is going to be..
Date Published: Jan 16, 2020
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