VW Group CEO Herbert Diess steps down; Porsche’s Oliver Blume named successor

VW Diess c Rtrs web_2.jpg — Diess is leaving VW by mutual agreement with the automaker. Many of the goals he set as the German auto giant's disruptor-in-chief remain unfinished and uncertain. (ALBERT GEA/REUTERS)

By:

Staff and wire reports

July 22, 2022 04:17 PM

FRANKFURT -- Volkswagen Group ousted CEO Herbert Diess and Porsche boss Oliver Blume will take over in the role, VW said on Friday, in a surprise shake-up atop the world's second-biggest automaker.

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