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| Name | Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG (PK) | USOTC:VWAPY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.11 | 0.98% | 11.36 | 11.30 | 11.36 | 11.412 | 11.32 | 11.39 | 178,690 | 21:00:28 |
From Jul 2023 to Jul 2024
By David Sachs
Volkswagen Group's software company, Cariad, will enlist Rivian and Tesla veteran Sanjay Lal to speed up development of technology for digitization and electrification.
Lal will join a company that replaced its chief executive officer, chief financial officer and chief technology officer earlier this year following delays in the development of new electric vehicle models. Starting in November, Lal will lead the software-defined vehicle hub at Cariad to develop two vehicles for the German car maker, the company said.
"This hub will consist of a small team that will implement everything we need for rapid software development," Volkswagen Group Chief Executive Oliver Blume said. "Speed is the new imperative to stay competitive".
Lal was previously vice president of software platforms at Rivian, a U.S. electric SUV and truck manufacturer, and has held engineering leadership positions at Cisco, Tesla, and Android Automotive at Google, Cariad said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
October 03, 2023 05:11 ET (09:11 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Volkswagen (PK) Chart |
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