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

Loading...
Loading...
  • 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
Market News and Data brought to you by Benzinga APIs
Posted In: NewsMediaGeneralBriefsEurasia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...