VW CEO Rejects Tesla Acquisition Rumors

“I wouldn’t consider a stake in Tesla,” the chief executive of Volkswagen told The Observer at the Frankfurt Motor Show. “I wouldn’t buy a stake because I think all they are doing, we can do.” Herbert Diess was responding to reports that Europe’s largest carmaker was considering taking over Tesla, which surfaced in August, based on information from unnamed sources from Volkswagen. While an acquisition could make sense, given VW’s attitude to Tesla—succinctly summed up by its CEO—it is…