VW CEO tells German workers Tesla factory will threaten jobs

Volkswagen CEO Herbert Diess urged German workers to prepare for a deeper overhaul to remain competitive when Tesla ramps up vehicle production at its first European factory outside Berlin next year.

A VW badge on the front of a Volkswagen ID.5 GTX all-electric automobile during the world unveiling at the Volkswagen auto plant in Dresden, Germany, on Nov. 3, 2021. Foto: Bloomberg photo by Krisztian Bocsi

Tesla is swiftly improving built quality and looks set to achieve a production time of just 10 hours per car at its Gruenheide plant, Diess said Thursday in a prepared speech at a staff meeting in Wolfsburg. VW's main electric-car factory in Zwickau needs more than 30 hours per vehicle, which should be reduced to 20 hours next year.

"Yes, I'm worried about Wolfsburg," Diess told workers at the first employee gathering at the world's largest car-manufacturing site since the Covid-19 pandemic. "I want that your children and grandchildren can still have a secure job here with us in Wolfsburg. That's my point today, that's why I'm here."..

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