Tags: EU | Volkswagen

Germany's Volkswagen Reorganizes Management, Replaces CEO

Germany's Volkswagen Reorganizes Management, Replaces CEO

Friday, 13 April 2018 04:37 AM EDT

FRANKFURT, Germany (AP) — German automaker Volkswagen is creating a new management structure it says will enable faster decision-making as autonomous and electric cars transform the industry.

The Wolfsburg-based automaker is to release on Friday details about plans to reorganize its management into six broad business areas plus China. It announced Thursday CEO Matthias Mueller was being replaced with core brand head Herbert Diess.

Diess, a former BMW executive, has had the task of negotiating restructuring and cost-cutting with German worker representatives since becoming Volkswagen brand head in 2015.

The new structure will include three brand groups: volume products, premium and super premium. The automaker includes brands Volkswagen, Skoda, Audi, Lamborghini and Bentley.

Mueller became CEO in 2015 when Martin Winterkorn resigned over the company's scandal over cars rigged to cheat on emissions tests.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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German automaker Volkswagen is creating a new management structure it says will enable faster decision-making as autonomous and electric cars transform the industry.The Wolfsburg-based automaker is to release on Friday details about plans to reorganize its management into...
EU,Volkswagen
133
2018-37-13
Friday, 13 April 2018 04:37 AM
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