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

by Shivani Kumaresan, Benzinga Staff Writer

December 5, 2022 6:04 AM | 1 min read |

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.
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