Chris Reiter and Christoph Rauwald

Business, Technology

VW’s ID.3 Seen as Direct Challenge to Tesla’s Supremacy in Electric Market

vw The electric Volkswagen ID Roomzz on display at the Shanghai Auto Show (Qilai Shen/Bloomberg News)

Volkswagen AG is about to find out whether consumers will back its 30 billion-euro strategy to topple Tesla Inc. as the electric-car leader. The German auto giant is taking 1,000-euro deposits to secure one of the first in a new range of battery-powered models.

May 8, 2019