VW Group to trim executive board, report says

VW Porsche Blume July 2022 BB.jpg — Blume's appointment as VW Group CEO may reflect efforts by the automaker's controlling shareholder families to keep the group on a shorter leash and have greater say over strategy.

By:

Reuters

August 31, 2022 10:51 AM

HAMBURG -- Volkswagen Group's supervisory board agreed on Tuesday evening to remove two seats from the automaker's 12-person management board, sources familiar with the matter said.

Featured Stories

Vehicles, certain auto parts are exempt from reciprocal tariffs, White House says

VW plans import fee on window sticker as tariffs loom, halts vehicle shipments via rail from Mexico to U.S., memo says

Elon Musk will stay until he completes DOGE mission, White House says, dismissing earlier report

Amazon’s used-vehicle interest could threaten listings companies

Latest News

Hyundai 2nd-gen Nexo hydrogen fuel cell crossover gets big boost in power, range, styling

Hyundai Ioniq 6 EV gets even sleeker with refresh; sporty N Line added

Live updates on tariffs: Autos not part of reciprocal duties

Trump keeps Canadian auto in tariff crosshairs, despite announcing no other duties

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

See More in Executives

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

Meet executives from Linamar, Hyundai, Stellantis, GM and more at the Automotive News Leading Women Conference

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