They've announced huge EV plans. Like "bet the farm" plans. In US it's not as visible because of Musk's Reality Distortion Field.

Yeah, there's a chance VW are playing this to the market. As a commenter opined in another thread; new engines are rarely developed anyway and they stated that they will continue to iterate over current set of engines.

Note that there's no word about VW's EV plans besides this line "None of the executives specified a definite date for when they would exclusively produce electric vehicles".

There's also this line "Completely new engines were unlikely, he said.".

Seems like a planted PR piece by VW to further fuel the stock price momentum.

Worth noting that PAH3 appears to be Porsche SE - the holdings company that is the largest shareholder in VOW, not the Porsche company that makes the cars - which is 100% owned by Volkswagen AG (VOW).

https://en.wikipedia.org/wiki/Porsche_SE

COVID...

They are "only" up 27% from 14 month ago.

DACH countries are jelous of Tesla. Soon even children in post-Communist countries will be forced to work for German automotive industry, skipping any education. No other opportunities will be available. (Meantime MS, G, and Big Four salesfolks are hysterical to sell them "The Cloud")