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?
Chief Executive Oliver Blume has said the sports carmaker will focus on petrol/gasoline, hybrid and all-electric vehicles. Porsche and its parent Volkswagen have seen their image take a beating in the wake of Dieselgate.
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.
German carmaker Volkswagen and US software giant Microsoft have agreed to join forces in the development of connected cars. The strategic move is part of VW's campaign to digitalize its brands and offer new services.
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.
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