Volkswagen CEO Faces Investor Calls to Sharpen EV Strategy.

Investors are calling on Volkswagen CEO Oliver Blume to sharpen the company's electric vehicle (EV) strategy. While Volkswagen's shares have only gained about 2.5% in the past year, other European manufacturers like Renault and Stellantis have seen significant growth. Investors want to see clear progress in Volkswagen's transition to EVs, including addressing botched new model rollouts and declining relevance in China. They are also pressuring Volkswagen to produce an affordable EV to compete with Chinese manufacturers. Volkswagen plans to unveil a €20,000 ($21,722) EV in 2027, but investors believe the company needs more momentum. [Extracted from the article]