Money quote from Herbert Diess (VW boss):
Here we come very strong now. We have invested 30 billion in electromobility, we have already rededicated a plant in Zwickau, and we are building an electric vehicle plant in Shanghai. We will come in 2020 with vehicles that can do anything like Tesla and are cheaper by half.
Let's see what eventually comes out of that. I think once VW commits to an internal revolution they'll catch up quick. IMO they are getting to the right conclusion, but aren't there yet. A commitment would be to stop everything related to gas-powered cars that isn't maintenance and support, and focus solely on EV technology.