Volkswagen says it's looking at changing CEO in reshuffle

VW could make change at CEO by end of week as part of management reshuffle

Mr. Matthias Müller showed his general willingness to contribute to the changes.

"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.

Chairman Hans Dieter Poetsch is in discussions with "certain members" of the firm's supervisory board and management board.

With Mueller agreeing to go, the controlling Porsche-Piech clan, the state of Lower Saxony and powerful labor leaders settled on Herbert Diess, chief of the Volkswagen brand, as the successor, the people said.

Volkswagen owns several brands including Audi, Porsche and Skoda.

More news: Ronda Rousey's Epic Debut at WWE WrestleMania 34 Ignites Twitter Explosion

Mr Diess, 59, has been prepared for the role after being headhunted from BMW in 2015 less than three months before the revelation that VW had fitted 11 million diesel cars worldwide with "defeat device" software created to cheat official emissions tests.

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.

Despite facing billions in fines, vehicle refits and lawsuits relating to its "dieselgate" scandal, Volkswagen's operating results have been robust under Mueller's watch, with sales and profit hitting record highs past year. VW said earlier on Tuesday that it was considering a change in the CEO job. No further information was made available with regards to the precise fate of acting CEO Matthias Mueller.

The company said in its statement on Tuesday that it was considering changes to its complicated management structure. The company sold a record 10.74 million vehicles, making it the world's largest carmaker, though the title is disputed by the Renault-Nissan-Mitsubishi alliance, which sold 10.6 million and says Volkswagen is counting trucks that aren't cars. A VW spokesman could not immediately be reached for comment. A veteran of the company, he had previously served as head of Porsche.

"A change to the chief executive could be involved", it added. The works council, whose members occupy half the seats on the supervisory board, also declined comment.

Related News:

  • Humboldt Broncos stats keeper Brody Hinz died in team bus crash

    Humboldt Broncos stats keeper Brody Hinz died in team bus crash

    In a tweet, President Donald Trump said he called Trudeau to offer his condolences to the families of victims. There were 29 people on the team's bus when the crash happened around 17:00 local time (23:00 GMT) on Friday.
    Raikkonen fastest in Bahrain 2nd practice

    Raikkonen fastest in Bahrain 2nd practice

    If there was a race in which McLaren did not need to be beaten by Toro Rosso at the start of the season, Bahrain is probably it. Verstappen headed into the qualifying session with the hope he could get his auto high up on the grid for tomorrow's race.
    Police detains TDP MPs

    Police detains TDP MPs

    The protesting MPs, who were democratically doing protest, were detained on the way by the CRPF, Delhi Police who dragged them away ruthlessly.
  • Over 40 hurt after student charter bus crashes into NY overpass

    Over 40 hurt after student charter bus crashes into NY overpass

    The driver was not reportedly from the area and was not aware commercial vehicles were not allowed to travel on the NY parkway. It was not clear which schools they were affiliated with, and authorities said the trip was not organized by school officials.
    Tristan Thompson allegedly caught cheating on Khloé Kardashian

    Tristan Thompson allegedly caught cheating on Khloé Kardashian

    The woman who was responsible for filming the footage told MailOnline: "They were talking and being around each other all night". Gossip website TMZ has obtained the footage, which was reportedly filmed in October 2017, when Khloe was three months pregnant.
    How Kate Middleton Is Preparing for Baby No. 3

    How Kate Middleton Is Preparing for Baby No. 3

    The parking ban runs until 30 April with rumours that the Duchess of Cambridge is due on St George's Day, 23 April . The Duchess of Cambridge is due this month, though the exact date has never been released by Kensington Palace .
  • Investigators working to find Muenster attack motive

    Investigators working to find Muenster attack motive

    Law enforcement authorities reported that the driver of the auto was a German, who suffered from mental disabilities. Germany has been on especially high alert for jihadist attacks after several claimed by the Islamic State group.
    Welbeck double powers Arsenal to 3-2 win over Southampton

    Welbeck double powers Arsenal to 3-2 win over Southampton

    Another England World Cup hopeful was heavily involved as the injury-ravaged Welbeck netted his first league goals since September.
    Russian Federation  says it will respond firmly to USA  sanctions

    Russian Federation says it will respond firmly to USA sanctions

    Mr Deripaska's conglomerate, Basic Element, said it regretted the sanctions and was analysing them with its lawyers. Both Mr Miller and Mr Kostin are longtime key members of Mr Putin's team.
  • Fourth Dalit BJP MP writes to PM Modi

    Fourth Dalit BJP MP writes to PM Modi

    This is nothing but "vote bank", appeasement, pleasing politics of Modi and Amit Shah-led BJP. He said that the Congress was "throttling" democracy and "abusing" people's mandate.
    LeBron Joining The 76ers Continues To Make The Most Sense

    LeBron Joining The 76ers Continues To Make The Most Sense

    Discussing which teams he will play against as the regular season winds down, Wall said he wants to leave an impression. They have been to three straight NBA Finals and beam with confidence when questions arise about their vulnerability.
    NY Trump Tower Fire On 50th Floor Out, One Injured

    NY Trump Tower Fire On 50th Floor Out, One Injured

    He also said four firefighters received "non-life-threatening" injuries, two with burns and two with other kinds of injuries. In a tweet, President Donald Trump thanked the fire department and claimed that the fire had already been put out.


Most liked

Prince Harry, Megan Markle Prefer Charity Donations over Wedding Gifts
And to much surprise, former President Barack Obama-who is a friend of Harry's-and his wife, Michelle Obama , were not invited. The decision was reached after royal officials consulted with the British government to go over protocol and precedent.

Rahul leads Congress fast at Rajpath to protest against govt
Taking a dig at Gandhi, Patra told reporters that "he can not wake up in morning to start his fast on schedule". While Kumar left the venue soon thereafter, Tytler sat in the audience along with party workers.

Facebook suspends ties with Canada's AggregateIQ
The social network has promised to not unsend any more of Zuckerberg's messages until the feature is available for all users. Still, Facebook users will no doubt be pleased to - eventually - be able to remove messages they change their minds about.

More National Guard Troops Heading to Texas-Mexico Border
The caravan had sparked furious criticism from Trump, adopted days later by his Nationwide Guard border security deployment plan. Tom Keegan said last week that any request will be "promptly reviewed to determine how best we can assist our federal partners".

Bill Cosby pays $3.38mn to settle sexual assault claim
The trial is expected to last about a month at Montgomery County Courthouse in Norristown , Pennsylvania , a Philadelphia suburb. In one dramatic moment, Steele urged jurors to "listen to the testimony that she did not say 'yes'".

Transgender New Zealand Weight-lifter withdraws from Commonwealth Games after Debilitating Accident
The athlete, who is the top-ranked female weightlifter in the world, became the first trans sportsperson to represent her country. Weightlifter Laurel Hubbard's injury to her elbow from yesterday's Commonwealth Games final could be career-ending, she says.

How 76ers leapfrogging Cavaliers might impact Raptors in playoffs
James had 44 points (17-of-29 shooting), 11 assists and 11 rebounds, bringing the Cavaliers to the brink of an epic comeback. Jaylen Brown finished with a career-high 32 points for the Celtics, who will be the east's second seed in the playoffs.

Nasim Aghdam, who shot three people at YouTube headquarters, posted bizarre videos
Mountain View police objected to that characterization and in a statement Wednesday detailed their exchange with Aghdam's family. But her brother said he expressed additional concern upon learning she was discovered by police so close to the YouTube campus.

Secret talks underway to prepare for Trump-Kim summit
Once a location is agreed upon the officials said that the date will be set and the agenda discussed in greater detail. The Mongolian capital Ulaanbaatar has also been raised as a possible location, the officials told CNN.

Title out of rech, but pride at stake in Madrid derby
And Diego Simeone's side nearly netted immediately after, but Koke's attempt was brilliantly kept out by the Costa Rican global . One player certain to start is striker, Antoine Griezmann who will make his 200th appearance for the club.

Prince Charles and Camilla's Royal tour of Australia
Charles and Camilla are also both scheduled to hand out medals for the swimming and cycling respectively. Prince Charles dropped a rare expletive during an interview with an Australian radio personality.

Pentagon close to awarding $10 billion deal to Amazon despite Trump's attacks
Ray Dalio decreased its stake in Vale S A (VALE) by 19.59% based on its latest 2017Q4 regulatory filing with the SEC. Also, the current price to earnings for Amazon .com, Inc.is 308.19 and the forward price to earnings is 91.67.

Detroit Pistons officially eliminated from playoffs with loss to Sixers
The Pistons' point guard is coming off a good game though, having put up 29 points against the Nets yesterday. And this was his sixth time he scored at least 25 points this season, marking his first since December 12.

Ford Motor (F) Lifted to Overweight at Morgan Stanley
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. To measure up a particular stock trading system, it includes a key role of investment market called "Stock Analysis".

Liverpool boss Klopp insists Oxlade-Chamberlain success doesn't reflect on Wenger
"It's an unbelievable place to play, it was stable, you build relationships, but I felt I had to do it for football reasons to try and better myself".