When Volkswagen boss Herbert Diess’s strongest competitor, Elon Musk, parked his electric cars on the German group’s lawn by building a factory just 200km from its historic Wolfsburg headquarters, the Bavarian executive’s response was warmer than many expected. Publicly, Diess told anyone who would listen that Tesla was “paving the way” and “good for the … Read more
Key shareholders in Volkswagen joined forces with labor leaders to oust Chief Executive Officer Herbert Diess, who was in the midst of a push to turn the German auto company into a top maker of electric vehicles. Mr. Diess will be succeeded by Oliver Blume, CEO of VW’s sports-car maker Porsche AG and long an … Read more
Volkswagen’s chief executive Herbert Diess, the architect of the German carmaker’s multibillion-euro push into electric vehicles, will leave the company within weeks after being forced out by union leaders. The 63-year-old, who took over in the years following the VW emissions scandal, will be replaced by Porsche boss and former VW manager Oliver Blume from … Read more