TECH - Volkswagen Is The Latest Automaker To Admit The Superiority Of Tesla's Charging Technology | Benzinga
Following Ford Motor (NYSE: F) and General Motor (NYSE: GM), Volkswagen AG (OTC: VLKAF) is the latest automaker to admit the charging superiority of EV king, Tesla Inc (NASDAQ: TSLA), leaving only Stellantis N.V. (NYSE: STLA) as the only last real holdout. On December 19th, Volkswagen Group announced that they will be adopting Tesla’s EV standard. As of 2025, Volkswagen EVs will be rolling off the assembly line with installed Tesla charging port.
Volkswagen Is Making Significant Effort To Save Costs
Volkswagen also announced it aims to save $4.37 billion next year by cutting its admin staff costs at its flagship brand by 20%. Reducing the size of its workforce is part of a wider restructuring strategy that aims to slash group costs by 10 billion euros by 2026. Volkswagen announced that staff reductions ...