Volkswagen to speed up electric vehicle transition, says new CEO Oliver Blume

Volkswagen will accelerate its transition towards electric vehicles, but needs to find the right “rhythm” as it makes the shift, new Chief Executive Oliver Blume said at an internal conference on Thursday, the first day of his tenure.

At a gathering of global top managers in Lisbon, Blume said he had developed a ten-point plan focusing on topics including financial robustness, sustainability, the capital market, and development in China and North America.