Markenhochhaus – New Volkswagen Logo. Source Volkswagen
It is devilishly difficult for a company to transition from the products (ICE: Internal Combustion Engines) that have made the business successful, to the new world where these products have no place. Volkswagen (VWAGY) has had a turbulent time over the past 5 years, first with the diesel scandal, and then, the decision to transform the company by having it lead the exit from ICE to an electric (BEV Battery Electric Vehicle) future. In late 2019, Volkswagen’s new 5-year budget for electrification was $66 billion, and 75 all-electric