Thursday, 12 April 2018

Volkswagen replaced its chief executive with Herbert Diess



Volkswagen has replaced its chief executive with Herbert Diess, who takes on responsibility for the entire company after overseeing the VW brand.

 
Mr Diess replaces Matthias Mueller, who was appointed in 2015 at the height of the diesel emissions scandal.


Mr Diess has clashed with unions and has been known for his cost-cutting measures.


As well as Volkswagen, the German company also owns several other brands including Audi and Porsche.


The carmaker also said it will reorganise its 12 brands by creating six new vehicle divisions and a special arm devoted to China, its largest market.
The management shake-up signals VW's desire to move forward from the emissions scandal and press on with its "Strategy 2025" plan to build greener vehicles.


Mr Mueller had been running Porsche before being elevated to replace Martin Winterkorn as VW chief.


He has presided over a wide ranging restructuring of the company and its other brands.




BBC        News.