Volkswagen is neck and neck with Toyota as the world's largest carmaker. Still, it can feel more like an obstacle course rather than a victory tour for Herbert Diess, who's been running Volkswagen for the last four years.
We met Diess last month in Austin, Texas. He wanted to show us the new all-electric Porsche. We discovered that Diess likes to surprise you. Even jolt you. As when he took me from zero to 60 in a couple seconds.
Lesley Stahl: Volkswagen does brilliantly in China, in Europe, in Latin America. I mean, why put the effort here? Herbert Diess: Yes. Exactly. Seventy years in between. Yeah. A lot of advancements in technology, mostly in safety. Herbert Diess: We have to decarbonize the world, because climate change is happening. And to decarbonize the automotive sector, the only way-- feasible way forward is electrification.Lesley Stahl: Even the design. And they say old dogs don't learn new tricks --Herbert Diess: Yeah. It is a big challenge. And historically there haven't been too many cases where the successful companies in the old world could demonstrate that they are still successful in the new world.Herbert Diess: Yeah.
Ryan: So you just plug it in here, get it in, click. And then your vehicle's charging. And then just push that nozzle and pull it back.Ryan: There you go!Charging problems may be the least of the challenges facing Herbert Diess. The business model of global companies like Volkswagen is coming undone as the pandemic has strained long supply lines, leading to shortages in key components like semiconductors.
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