Observers suspect that the top job at BMW is cursed. Seemingly without exception a failed CEO always follows a successful one. Bernd Pischetsrieder followed Eberhard von Kuenheim, Helmut Panke bowed out after Joachim Milberg and now Harald Krueger is departing after Norbert Reithofer.
VW said its ID3 will be an electric car "for the millions and not the millionaires." But the ID3 will not be immediately become a car for the masses because the launch edition of the Golf-sized hatchback costs more than the entry version of the midsize Passat.
Volkswagen revealed the name, pricing and driving ranges for its first mass-market EV, which will be called the ID3. The Golf-sized hatchback is part of VW Group's 30 billion-euro ($34 billion) strategy to topple Tesla as the electric-car leader.