Friday, 17 August, 2018

Volkswagen names Herbert Diess as new CEO

Volkswagen Sets Up New Division to Handle User Experience Breeze Motor expands Portsmouth Volkswagen van business
Jean Garcia | 13 April, 2018, 02:43

German vehicle giant Volkswagen is set to replace its chief executive Matthias Mueller Thursday, as it struggles to move on from the "dieselgate" emissions scandal that has mired the company since 2015.

Business newspaper Handelsblatt reported that Herbert Diess, head of the VW brand - one of the group's 12 makes of cars, trucks and motorbikes - was slated to take Mueller's place.

Volkswagen said it was breaking the business into six new vehicle divisions and a special portfolio for the China region.

The new structure will include three brand groups: volume products, premium and super premium.

"The Volkswagen Group's goal is and remains to align the Company and its brands with future needs, to safeguard its position among the leaders of the worldwide automotive industry with innovativeness and profitability, and to be instrumental in shaping tomorrow's personal mobility with the strength of our Group brands", said Chairman of the Supervisory Board, Hans Dieter Pötsch.

Volkswagen will carve out a trucks and buses division that includes MAN and Scania heavy-truck brands, the source said, adding that Volkswagen's MAN Turbo and Renk units would be put into a further division.

PREVIOUS STORY: FRANKFURT, Germany (AP) - Volkswagen Group says it is contemplating a management reshuffle that raises questions about CEO Matthias Mueller's future with the company.

Dhawan stars in SRH's win over Rajasthan Royals
However, It will be interesting to see which team begins the new season of Indian Premier League season with a WIN. Cutting, who recently retired from First-Class cricket, will add to the team's batting and bowling depth.

Analysts welcomed the appointment of Diess, a former BMW executive who has more than doubled profitability at the VW brand since taking charge in 2015.

The company also is replacing its heads of human resources and purchasing. Earlier this week, sources told Reuters that Kilian would replace Blessing.

The company made other changes in top posts.

The statement continued: "He assumed the chairmanship of the board of management in the fall of 2015 when the Company faced the greatest challenge in its history". Audi would be excluded from this group and form its own premium division.

Oliver Blume, head of sports auto brand Porsche and newly appointed to the group executive board, will oversee production at the multi-brand organization, VW said, confirming a Reuters report.

Volkswagen's deliberations come as rival carmakers and suppliers including Fiat and Daimler work on ways to slim down and divest themselves of non-core assets.

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