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VW's Diess says existential electric race awaits after pandemic

VW CEO Herbert Diess with mask
The transition to electric cars is the "most important race and decisive point for our industry in next five to 10 years," VW CEO Diess said. (Krisztian Bocsi/Bloomberg)
B
By:
Bloomberg
November 05, 2020 11:09 AM

Volkswagen Group CEO Herbert Diess said the automaker will pursue a sweeping transition to electric cars, declaring it a matter of survival even as the coronavirus risks upending business in the near term.

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