Business

Volkswagen sets first quarter delivery record, Herbert Diess tipped as new CEO

Volkswagen sets first quarter delivery record, Herbert Diess tipped as new CEO

In a statement, the automaker confirmed it was exploring options to reshuffle its management that "could also include a change in the position of the chairman of the Board of Management", which is the German term for CEO.

Key stakeholders came to the conclusion they couldn't afford to wait two years until Mueller's contract expired to appoint a fresh CEO, as they deliberated an overhaul of the company and how to most rapidly implement those changes, said the people, asking not to be identified discussing the private talks.

Nestle wants to make all of its packaging recyclable or reusable by 2025, the Swiss food giant said yesterday, becoming the latest food company to vow to cut plastic waste.

Longtime CEO Winterkorn quit after the firm admitted in 2015 to manipulating 11 million diesel vehicles worldwide to cheat regulatory emissions tests in a scandal that became known as "dieselgate". Amid opposition from labour leaders, Mueller failed to sell motorbike maker Ducati a year ago.

It is unclear how soon Diess, a former BMW executive who joined VW in July 2015 and has clashed with the company's labor leaders, would replace Mueller. He has focused largely on the VW brand's procurement and process management structures to bring its costs and efficiency closer to rival Toyota.

Previous executives who attempted deeper cuts in VW's homeland, including Bernd Pischetsrieder and Wolfgang Bernhard, were forced out of office or stifled in their reform efforts.

Читайте также: Dwayne Johnson rules out 2020 USA presidential bid

German newspaper Handelsblatt first reported that Diess would replace Mueller. Other potential CEO candidates include Volkswagen's trucks chief and Daimler veteran Andreas Renschler.

"The Volkswagen group is considering further evolving the leadership structure, which could be connected with changes in the board. a change to the chief executive could be involved", VW said in a statement.

Further details are emerging over an expected management shake-up at German vehicle giant Volkswagen AG, ahead of a supervisory board meeting expected on Friday.

Matthias Mueller, CEO of Volkswagen, looks up as he arrives for a press conference of the German Volkswagen company in Wolfsburg, Germany. Muller's dismissal comes despite the company's strong performance last year which saw profits of €17bn (£14.8), a 16 per cent increase on the year before.

But the persistent tug of war between VW's controlling families, unions and stakeholders have made it hard to effect structural change that investors have said is key to VW fulfilling its potential.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог


  • Russian stock indexes, rouble tumble on U.S.  sanctions

    Russian stock indexes, rouble tumble on U.S. sanctions

    The Russian ruble has continued its downslide days after the USA imposed sanctions on another group of Russian tycoons. Rusal said in a statement on Friday that the sanctions could trigger technical defaults on some of its debts.
    Democrats call on Missouri Gov. Greitens to resign

    Democrats call on Missouri Gov. Greitens to resign

    She described another incident to the committee during which she said he smacked her, grabbed her and shoved her to the ground. But he says the people of Missouri should not be put through an impeachment "ordeal" and the governor should step down.
    Netflix will not compete at Cannes Film Festival after rule change

    Netflix will not compete at Cannes Film Festival after rule change

    Netflix, Inc . shares increased 5.08 percent over the past week and fell -10.07 percent over the previous month. (NASDAQ: NFLX ). The stock analysts put their best efforts to measure the future activity of a trading system, investment sector or stock market.
  • Indian school bus plunges into gorge, killing at least 30

    Indian school bus plunges into gorge, killing at least 30

    Kangra SP Santosh Patial said to TOI, "We had to cut open the body of the bus to pull out the victims and survivors". The accident occurred near Charoti on a highway connecting state capital Mumbai with the city of Ahmedabad.
    Tata Group may not bid for Air India as terms not favourable

    Tata Group may not bid for Air India as terms not favourable

    The proposed disinvestment would include profit-making Air India Express and joint venture AISATS. Contingent liabilities would remain with Air India and Air India Express.
    A 10-Year-Old Is Now the Youngest Champion in WrestleMania History

    A 10-Year-Old Is Now the Youngest Champion in WrestleMania History

    The two went on to become Raw Tag Team Champions, thanks to Strowman handling both Cesaro and Sheamus. He said he's giving four teams an opportunity via something he called the Tag Team Eliminator.
  • Apple Music has 40M subscribers, gets new worldwide head

    Apple Music has 40M subscribers, gets new worldwide head

    Cue announced the promotion of Oliver Schusser to the position of vice president of Apple Music & International Content. Schusser has a fairly close relationship with Apple's SVP of Internet Software and Services Eddy Cue .
    Summer has arrived! Kim Kardashian dons a sultry pink bikini - pic inside

    Summer has arrived! Kim Kardashian dons a sultry pink bikini - pic inside

    Hours later, Kim shared another capture, which showed her stretching out her toned pins as she lounged poolside. And on Monday she sat on a surf board too, only she was in profile.
    Real Madrid v Juventus - story of the match

    Real Madrid v Juventus - story of the match

    Real, though, were shaky at the back, the channel between Marcelo and 21-year-old Jesus Vallejo regularly offering Juve hope.
  • Hanna Dickenson: Fake Cancer Scam Lands Woman in Jail

    Hanna Dickenson: Fake Cancer Scam Lands Woman in Jail

    The court was told one person donated $7,750 to Dickenson after being discharged from hospital following his own cancer treatment. The court said in this case it pronounced the jail term to deter others from engaging in similar conduct.
    Rival resolutions fail on Syria chemical weapons probe

    Rival resolutions fail on Syria chemical weapons probe

    Meanwhile, evacuations continued in Douma as opposition factions agreed to surrender after it was hit by the chemical attack. Rescuers and medics in Syria say a poison gas attack on a rebel-held town near the capital has killed at least 40 people.
    Depth a big key for New York Yankees moving forward

    Depth a big key for New York Yankees moving forward

    He is, however, 2-for-7 versus Joe Kelly, and against closer Craig Kimbrel, Stanton is an anemic 1-for-8 with three strikeouts. Well, pitching and a certain amount of luck, as they've already played four one-run games, and came out victorious each time.