Volkswagen names new chief executive

Volkswagen names new chief executive

Volkswagen names new chief executive

VW has also had to pay out billions of euros in fines following its 2015 emissions cheating scandal.

Senior works council members past year had their salaries cut and bonuses suspended after public prosecutors investigated alleged overpayments at the carmaker, a move that labour leaders are blaming on Blessing, one source said.

The move is the biggest shake up of the German auto giant since the Dieselgate scandal back in 2015.

Newly named Volkswagen CEO Herbert Diess (center) speaks at a technology conference in Germany a year ago.

This was not the only shift in the Volkswagen: Porsche CEO Oliver bloom joined the Board of governors of the concern and the head of Audi, Rupert Stadler will now be responsible for global sales group.

Russian military capabilities if the West strikes Syria
This massacre was a significant escalation in a pattern of chemical weapons use by that very awful regime. One year ago, Assad launched a savage chemical weapons attack against his own innocent people.

Blume will head up a "super premium" cars division which groups Bentley, Porsche, Bugatti and possibly Lamborghini, which is now integrated with Audi.

The "volume" business includes the VW brand, Seat and Skoda.

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.

Mr Mueller, a former boss at Porsche, took over as VW CEO unexpectedly in September 2015 after Martin Winterkorn resigned over the scandal.

Separately, VW said it is preparing its truck and bus division for the capital markets, a step that could include selling shares in the division.

National Basketball Association suspends Washington Wizards' Meeks for 25 games
Washington Wizards' Jodie Meeks will miss 25 games after testing positive for growth hormones in violation of the league's anti-drug policy.

Further, Potsch added, "Not only did he safely navigate VW through that time; together with his team, he also fundamentally realigned the group's strategy, initiated cultural change and, with great personal commitment, made sure that the Volkswagen Group not just stayed on track but is now more robust than ever before".

A few examiners cheered the arrangement of Mr. Diess. The company also admitted to using the software in some of its vehicles with 3.0-liter diesel engines.

Diess came to VW from an executive position with BMW, and the Associated Press reports his man role since becoming head of the VW brand in 2015 has been negotiating with German worker representatives.

Described as highly ambitious, Diess has earned a reputation as a fierce cost cutter unafraid of pushing through big changes.

"Audi is the core brand for this competitive segment, which features BMW, Daimler and Lexus", Diess said, when asked whether Audi is the sole premium vehicle brand.

Apple to assemble iPhone 6s Plus in Bengaluru soon
The iPhone 6S, on-the-other-hand, accounts for nearly one-third of total sales of iPhones in India previous year . Another way for Apple to cut additional costs would be to make parts and packaging all within India as well.

Gunnar Kilian who has served as Secretary-General of the Volkswagen Group Works Council until now has been appointed as the new member of the Group Board of Management for Human Resources.

Latest News