Published: Sun, April 15, 2018
Global News | By Stacy Ballard

VW's new chief to outline vision after dieselgate

VW's new chief to outline vision after dieselgate

Mr Mueller, a former boss at Porsche, took over as VW CEO unexpectedly in September 2015 after Martin Winterkorn resigned over the scandal.

The changes come as Volkswagen and other conventional auto manufacturers compete with industry newcomers such as Waymo and Uber for the burgeoning autonomous taxis and car-sharing services market, where vehicle ownership is less of a passenger priority.

VW said on Thursday it would reorganise its management into six broad business areas plus China, to streamline decision-making in the individual operating units.

More details are expected to be revealed at a press conference at VW's Wolfsburg headquarters Friday at 10:30 am (0830 GMT).

The administration shake-up signals VW's want to push ahead from the emanations outrage and proceed with its "Technique 2025" plan to construct greener vehicles.

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But Mueller himself landed in prosecutors' sights over suspicions he may have known about the cheating before it became public and failed in his duty to inform investors.

The scandal, in which VW installed emissions-cheating software in 11 million vehicles worldwide, has cost the firm at least $30bn (£22.4bn) in fines and other costs.

The move is part of sweeping changes at the group, which includes Volkswagen, Skoda, Seat, Audi as well as luxury brands Bentley, Bugatti, Porsche and Bentley.

The announcement proceeded with: "He accepted the chairmanship of the leading group of administration in the fall of 2015 when the organization confronted the best test in its history".

Osterloh's comments come after repeated clashes over Diess's drive to cut costs and improve profits at the carmaker's core VW brand, where Diess was handed the reins only three months before the Dieselgate emissions scandal erupted.

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"Not exclusively did he securely explore Volkswagen through that time, together with his group, he likewise on a very basic level realigned the gathering's system".

Under his leadership in 2017, the auto group went on to turn in record annual sales of €230.7bn and pre-tax profits nearly doubled at €13.9bn.

VW also said works council executive Gunnar Kilian would replace Karlheinz Blessing as human resources chief.

"In a phase of profound upheaval in the automotive industry, it is vital for Volkswagen to pick up speed and make an unmistakable mark in e-mobility, the digitalisation of the automobile and transportation as well as new mobility services", said Diess.

And the chief executive of Porsche, Oliver Blume, will join the main VW board.

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