Volkswagen CEO says he wants to ‘get close and then overtake’ Tesla


The underbody of an ID.3 electric vehicle is assembled at a Volkswagen facility in Dresden, Germany, on January 29, 2021.

Matthias Rietschel | picture alliance | Getty Images

Volkswagen Group’s CEO has dismissed the notion that his firm could join forces with Tesla, telling CNBC that the German automotive giant was looking to go its own way.

Speaking to “Squawk Box Europe” on Tuesday, Herbert Diess was asked if he would rule out any future deal with Elon Musk’s electric car maker, in which VW could manufacturer its cars, or if the Tesla and VW brands would ever unite.

“No, we haven’t considered (that), we are going our own way,” he replied. “We want to get close and then overtake.” 



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