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VW’s Herbert Diess Confident He Can Catch Tesla in Electric Car Race

January 24, 2020


Volkswagen AG CEO Herbert Diess is preparing to muscle Elon Musk out of the electric-car lead.

While Tesla Inc. is paving the way in sustainable mobility, the world’s biggest automaker is buying software companies and ramping up investments in electric vehicles and battery cells, Diess said Jan. 24 at the World Economic Forum in Davos, Switzerland.

“It’s an open race,” Diess said in an interview with Bloomberg TV. “We are quite optimistic that we still can keep the pace with Tesla and also at some stage probably overtake” the U.S. carmaker.

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