Volkswagen is investing to catch up with Tesla and the Chinese

Volkswagen plans to invest 180 billion euros between 2023 and 2027. JOHN MACDOUGALL/AFP

To accelerate, the group plans to invest 180 billion euros between 2023 and 2027, two-thirds of which will be devoted to electrification and digitalization.

Six months after replacing “Doktor Diess” at the head of the group, Oliver Blume, the chairman of the management board of Volkswagen, presents his roadmap and the investment plan for the next five years. The leader who has spent his entire career with the German giant has adopted a different method than his predecessor. Herbert Diess found Volkswagen too slow, ossified, far from being able to maintain its leading position in the electric era. He kept praising the model You’re here. He even planned to cut 30,000 jobs in the group, before being dismissed for his brutal management. Oliver Blume, he puts forward “his team spirit”. “Perhaps he will have a better force of conviction than Diess who had robbed everyone.says Philippe Houchois, automotive analyst at Jefferies.

The ambitions nevertheless remain high, commensurate with the challenges facing the German giant. Tesla continues to roll out its roadmap. It almost reached last year…

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