Volkswagen's new strategy involves 30,000 jobs cuts and a plan to have 30 new hybrids and e-cars by 2025. But will it really help them make it out of the Dieselgate doldrums?
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Herbert Diess will replace Matthias Müller as VW CEO. He has a reputation for driving through difficult changes. From his days reining in costs at BMW, the Austrian has often irritated unions — and delighted bosses.
VW's supervisory board is set to name VW brand chief Herbert Diess as the group's new chief executive, replacing Matthias Müller in what's believed to be a broader management overhaul aimed at boosting efficiency.
With a new boss known for finding efficiencies installed at VW, it appears that change is coming for Europe's largest car group. Yet workers at the company’s Wolfsburg headquarters are calm and positive about the future.
The Volkswagen Group's corporate saga is in the best soap-opera series tradition. It has everything: ultrawealthy families, backroom conniving, dramatic scandals, soaring successes. A new volume got started this week.