diess

Volkswagen's CEO will outline a new software and vehicle platform strategy to the carmaker's supervisory board on December 15 as he tries to turn his predecessor's vision into deliverable goals, three company sources told Reuters. Oliver Blume, who took the helm in September, has been developing the plans with the German group's brands, which range from mass-market VWs and Skodas to high-end Audis and Porsches. Predecessor Herbert Diess was lauded as a visionary for committing Europe's largest carmaker, its image…

Oliver Blume The VW Group Supervisory Board has appointed Oliver Blume as the new board chairman, effective  1 September 2022. Blume will also continue to act as chairman of the Porsche board. VW also said that he would continue in the Porsche role ‘after a possible IPO’. Herbert Diess is resigning as chairman of the VW board by mutual agreement. Reports suggest he is stepping down three years before his…

Volkswagen Group CEO Herbert Diess, the embattled executive who has survived a number of confrontations and power struggles with the board and unions over the past two years, is leaving the company. The VW AG board said Friday it has appointed Porsche boss Oliver Blume to head up the massive company that includes brands Audi, Bentley, Lamborghini, Porsche and Volkswagen Passengers Cars. VW CFO Arno Antlitz will take the chief operating officer position. Diess is resigning by “mutual agreement.” Blume will continue in…

Herbert Diess, CEO of VolkswagenSean Gallup | GettyVolkswagen CEO Herbert Diess will leave the company at the end of August, the company said Friday. Oliver Blume, currently the CEO of Volkswagen subsidiary Porsche, will succeed Diess as of Sept. 1.The automaker didn't provide a reason for Diess' departure.Diess joined Volkswagen from BMW in 2015, stepping into the top job in the wake of the Dieselgate scandal. He is credited with leading the company past the scandal into a new era, driving massive investments in electric…

Volkswagen is shaking up its leadership. The automaker has announced that group chairman Herbert Diess will leave at the end of August. Porsche chairman Oliver Blume will take over the role (while preserving his existing position) as of September 1st. The company didn't explain Diess' exit, but said the move was the result of a "mutual agreement." Diess has a somewhat mixed track record. He replaced former chief Martin Winterkorn as the Dieselgate emissions cheating scandal unfolded in 2015, and was meant to help VW move…

In a major shake-up, Volkswagen CEO Herbert Diess is stepping down as head of the world’s second-largest automaker and will be replaced by Porsche chief Oliver Blume, the company announced Friday. Blume will replace Diess in his role as chairman of the board of management on September 1st, the company announced. In a statement, Hans Dieter Pötsch, who chairs the company’s governing supervisory board, thanked Diess for his service and for his “key role in advancing the transformation of the company.” It was a…

Surprising news has emerged out of Germany today, as Volkswagen Group chairman and CEO Herbert Diess has announced he is stepping down from this position at the company and will be replaced by Porsche AG CEO Oliver Blume. Dr. Herbert Diess has a respected history in German autos, studying in Munich before working at Robert Bosch followed by extensive tenure at BMW AG for over fifteen years. At Volkswagen, Diess was appointed as Chairman of the Board of Management of the Volkswagen Passenger Cars brand and…

Herbert Diess, the current chairman of the board of management of the German motor vehicle manufacturer Volkswagen Group, has said that the carmaker will take the lead over Elon Musk's Tesla by 2025.During a meeting at the company's headquarters in Germany, Diess said that Tesla will lose its strength trying to ramp up two gigafactories—one in Austin, Texas, and the other in Grunheide, Germany, reports the Daily Mail.He sees this as an opportunity to take the lead, as Volkswagen is running at full capacity."Elon must…