Tesla’s German Landing Will Fuel Competition: Volkswagen CEO

Tesla’s German Landing Will Fuel Competition: Volkswagen CEO
Volkswagen CEO Herbert Diess attends the Munich Auto Show, IAA Mobility 2021, in Munich, Germany on Sept. 7, 2021. Wolfgang Rattay/Reuters
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FRANKFURT—The planned opening of Tesla’s first gigafactory in Europe later this year will force local industry to step up its game, Volkswagen Chief Executive Herbert Diess said on Friday.

Diess’ comments, made on Twitter, come as Tesla continues work on its plant in Gruenheide, near Berlin, as it awaits final building approval for the 5.8 billion euro ($6.8 billion) site.