Sunday, 22 April, 2018

VW Chief Pledges Faster Streamlining to Speed Decisions

VW's Herbert Diess and Matthias Müller VW set to name new chief executive today
Faye Gross | 15 April, 2018, 00:19

The company said it would reorganise into six business areas and the China region to help it adapt "in a phase of highly dynamic change in the company and the entire automotive industry".

He led the Wolfsburg-based company through the aftermath of the scandal and turned in record sales and strong profits past year.

Diess, known as a very good cost manager, would be the best solution as a successor for the next five years, he said.

Volkswagen has supplanted its CEO with Herbert Diess, who assumes on liability for the whole organization in the wake of managing the VW mark.

The company said it was contemplating a management reshuffle and reassigning responsibilities among executives that "could include a change in the position of the chairman of the board of management", the German term for CEO.

"Not only did he safely navigate Volkswagen through that time, together with his team, he also fundamentally realigned the group's strategy".

Reuters reported that Volkswagen will give labour leaders a management board seat as part of a broad agreement to win approval for Herbert Diess as the German carmaker's new chief executive, sources said.

Man Utd not interested in signing Real Madrid acetone
The winger has been on United's radar since back in his days at Tottenham Hotspur, but were left disappointed when he made the world record move to Real Madrid in 2013.


Müller led the Volkswagen Group through one of its toughest periods as it faced fire for its emissions cheating scandal.

Having joined from BMW just a few months before the cheating became public knowledge, Diess has the advantage of being largely untainted by dieselgate - giving VW a chance at a fresh start.

Diess described the "most important task" ahead for himself and the German corporate titan as "pushing forward our evolution into a profitable, world-leading provider of sustainable mobility".

He takes over from Matthias Mueller, who was appointed in 2015 at the height of the diesel emissions scandal. About 482,000 were sold in the US, and 11 million around the world.

As well as cars, the VW empire spans motorbikes, bus, and truck operations. The company also admitted to using the software in some of its vehicles with 3.0-liter diesel engines. Dieselgate has so far cost VW more than ß25-billion (R370-billion) in buy-backs, fines and compensation, and it remains mired in legal woes at home and overseas. The automaker has agreed to spend $25 billion on claims for affected owners, individual states, dealerships and federal environmental regulators in the U.S. It said the head of purchasing, Francisco Javier Garcia Sanz, was leaving at his own request and that his post would be filled on an acting basis by Volkswagen brand purchasing head Ralf Brandstaetter. Additionally, Porsche sports auto division head Oliver Blume is being promoted to the top management body of the entire group.

VW also said works council executive Gunnar Kilian would replace Karlheinz Blessing as human resources chief.

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