Volkswagen- CEO Resigned
Volkswagen's CEO has resigned his position in a surprising change of heart, which will take effect on September 1st.
The company has announced that the CEO Herbert Diess will be replaced by Oliver Blume.
Volkswagen- Will be Replaced By
Volkswagen- Second Largest
Volkswagen is the second-largest automaker, did not offer a reason behind Diess's dismissal.
However, the company's CEO was able to put this incident into the company's rearview.
He also focused on electronic vehicles in a way that was different from other automakers.
VW has announced that it will invest EUR89 billion in 5 years the development of EVs.
Image Source- New York Posr
The number of battery EVs that VW sold almost doubled by 2021 to almost 453,000 across the globe.
Image Source- Business Today
It also pushed it up to the No. third place behind Tesla as well as General Motors in pure EVs sold.
Volkswagen- General Motors
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