VW said to settle power struggle; Diess to remain CEO

VW Diess IAA Munich 2021 web_0.jpg — VW Group CEO Diess is pictured speaking at an event during the IAA Munich in September. His relationship with the automaker's works council has deteriorated in recent weeks. (EYECATCHME.Photography)

By:

Reuters

December 06, 2021 05:12 PM

BERLIN -- The dispute between Volkswagen Group CEO Herbert Diess and the company's powerful works council seems to have been resolved, a source close to the matter told Reuters, potentially ending the latest leadership tussle at the automaker.

Featured Stories

Trump pauses reciprocal tariffs on most countries; auto tariffs still in effect, White House says

Record 20% of new-vehicle borrowers used 84-month loans in Q1, Edmunds says

Live updates on tariffs: Reciprocal tariffs paused, auto tariffs still in effect

Which vehicles are subject to Trump’s auto tariffs? Check our list

Latest News

Why China is poised to lead Europe, U.S. in brake-by-wire adoption

Schaeffler targets humanoid robot sector

Chinese car exports to Russia hit by taxes, consumer uncertainty

Trump pauses reciprocal tariffs on most countries; auto tariffs still in effect, White House says

Staying current is easy with newsletters delivered straight to your inbox.

See More in Executives

GM CEO Mary Barra, Hyundai Executive Chair Euisun Chung to keynote Automotive News Congress Sept. 11

From the Newsroom: Inside Hyundai’s U.S. EV factory as tariffs shake up the auto industry

Nikola founder Trevor Milton pardoned by Trump after fraud conviction

Nissan’s next CEO Ivan Espinosa opens up on what makes him tick

Staying current is easy with newsletters delivered straight to your inbox.