As European governments combat a resurgent pandemic, the chief executive of Volkswagen, the world’s largest carmaker, is fighting his own battle.
Since taking the top job in 2018, Herbert Diess has been driven by a fear that the German group will be left behind as the era of the combustion engine gives way to that of the electric vehicle.
“Many of our differentiators, all our knowledge, our actual capabilities, will not be as important any more,” Mr Diess told the FT in an interview at VW’s sprawling headquarters in Wolfsburg.
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