Scandal-hit Volkswagen to name new CEO - Is the World Trade Organization still relevant?
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.
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.
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.
The trade conflicts between the US and several of its biggest partners are escalating. Among those wary of the consequences are American companies and thousands are scrambling to be made exempt from certain tariffs.
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