August 9, 2022

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Volkswagen chief government Herbert Diess is to go away the corporate on the finish of...

Volkswagen chief government Herbert Diess is to go away the corporate on the finish of August, to be succeeded by Oliver Blume, the present chief government of Volkswagen subsidiary Porsche, as of 1 September.

Diess joined the corporate from BMW in 2015 and stepped into the CEO position following the agency’s Dieselgate scandal, at a time when Volkswagen was in search of a dramatically new path.

He pioneered massive investments into electric vehicles with a objective of promoting hundreds of thousands of EVs by mid-decade and labored to create a software group within VW called Cariad creating new software program applied sciences for the new EV era.

Picture credit score: Herbert Diess

Tesla fan

He additionally promised a inventory market itemizing for the Porsche model, a transfer supposed to assist fund the electrification investments.

Diess cited Tesla as his mannequin, somewhat than standard automakers resembling Toyota or GM, and Tesla chief government Elon Musk is reported to have provided him the CEO position at Tesla in 2015 earlier than Diess determined to affix Volkswagen as a substitute.

Within the US Diess’ tenure at Volkswagen was memorable for the return of the VW microbus as an EV and the revival of the Scout truck model.

He was tasked with dramatically lowering Volkswagen’s prices, which introduced him into repeated battle with labour unions, whereas the Porsche and Piech households, main Volkswagen shareholders, have been involved Diess’ multi-billion euro investments into EVs and software program weren’t delivering returns quick sufficient.

‘Turbulent waters’

His departure comes three years earlier than his contract was supposed to finish.

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Volkswagen didn’t present a purpose for Diess’ departure.

In an announcement Volkswagen chair Hans Dieter Potsch stated Diess had performed a key position in reworking the corporate.

“Not solely did he steer the corporate by way of extraordinarily turbulent waters, however he additionally carried out a basically new technique,” Potsch stated.

New COO

Blume, a profession Volkswagen government, held manufacturing roles at Audi, Spanish model Seat and on the Volkswagen model earlier than changing into Porsche’s head of manufacturing in 2013 and its chief government in 2015.

Volkswagen stated its chief monetary officer Arno Antlitz would tackle the extra title of chief working officer to help Blume with day-to-day operations.