<p class="title">Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia, which lost its dominance in the handset market to Apple.</p>.<p class="bodytext">"The big questions is: are we fast enough?," Diess told VW's senior managers following a global board meeting on Thursday. "If we continue at our current speed, it is going to be very tough."</p>.<p class="bodytext">The car was is longer a mode of transport and carmakers are no longer only manufacturers of vehicles, he said.</p>.<p class="bodytext">"The era of the classic carmakers is over," Diess added.</p>
<p class="title">Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia, which lost its dominance in the handset market to Apple.</p>.<p class="bodytext">"The big questions is: are we fast enough?," Diess told VW's senior managers following a global board meeting on Thursday. "If we continue at our current speed, it is going to be very tough."</p>.<p class="bodytext">The car was is longer a mode of transport and carmakers are no longer only manufacturers of vehicles, he said.</p>.<p class="bodytext">"The era of the classic carmakers is over," Diess added.</p>