VW's electric push 'can't go any faster', says CEO

Herbert Diess said Monday it was "impossible" for the German car giant's electric transformation to happen any faster. — Bloomberg

Volkswagen chief executive Herbert Diess said Monday it was "impossible" for the German car giant's electric transformation to happen any faster, but he accused Angela Merkel's government of holding back change with generous diesel subsidies.

In an interview with AFP and the Financial Times at the IAA motor show in Munich, Diess said the VW group "was really fast in changing" as its sets its sights on becoming a global leader in environmentally-friendly, battery-powered vehicles.