diess: Volkswagen Ousts CEO Herbert Diess

Volkswagen AG abruptly ousted Herbert Diess, its chief government officer and architect of the auto trade’s greatest electrification effort, after repeated clashes with labor unions chipped away at his assist with key stakeholders.

Porsche boss Oliver Blume will succeed Diess inside weeks, ending a four-year tenure by which his hard-nosed management model brought on fixed friction and undermined his effectiveness.

Missteps on key tasks together with delays at VW’s software program unit additionally contributed to the shake-up, folks acquainted with the matter stated.VW’s board is betting Blume might be a extra collaborative and steady chief, stated the folks, who requested to not be recognized discussing personal deliberations.