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VW CEO shifts strategy from empire building to efficiency

FILE PHOTO: Presentation of Volkswagen's electric ID.3 pre-production prototype car on the eve
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FRANKFURT (Reuters) - Volkswagen has abandoned its decades-old obsession with empire building and no-expense-spared engineering to free up resources for the development and mass production of electric cars, its CEO Herbert Diess told Reuters.A global clampdown on toxic exhaust fumes has triggered a new wave of consolidation in the auto industry as carmakers look for ways to slash development..
Date Published: Sep 13, 2019
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