Volkswagen CEO Plans To Present Software Roadmap On December 15: Report

  • Volkswagen AG VWAGY Chief Executive Officer Oliver Blume is likely to present new software plan at a supervisory board meeting on December 15.
  • In the plan, Reuters reported, Blume is likely to put forth his aims to make the automaker's software competitive by the end of the decade.
  • The vision to develop a strong software is expected to cost Volkswagen about €1 billion ($1.05 billion).
  • The company's Board expected new roadmap for the carmakers' software unit Cariad by the 2022 summer break, but was delayed as the former CEO stepped down.
  • Price Action: VWAGY shares are trading lower by 0.87% at $19.29 in premarket on the last check Monday.
  • Photo Via Company
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