VW to hand unions management board seat in reshuffle

As Diesel Scandal Fades, VW Is Planning to Replace Its CEO

As Diesel Scandal Fades, VW Is Planning to Replace Its CEO

Mueller was elevated from his role as Porsche CEO just days after the Dieselgate emissions cheating scandal broke in late 2015, replacing Martin Winterkorn.

Volkswagen is considering a surprise management shakeup that could include replacing CEO Matthias Mueller. However, it failed to elaborate further on that, or give any details as to what staffing changes could be on the way. Shares in Volkswagen surged in Tuesday afternoon trading, adding as much as five percent on the day before paring their gains to around 4.0 per cent at a price of 170.84 euros around 3:30 p.m.

Despite the doubts, Mueller implemented a reform plan, which involved investing billions in an all-electric vehicle range which is set to hit the market int he next couple of years.

FILE - In this June 1, 2017 file photo Matthias Mueller, CEO of the Volkswagen company, attends a contract signing ceremony as part of a meeting of German Chancellor Angela Merkel and China's Premier Li Keqiang at the chancellery in Berlin.

Despite the ongoing bad press and multi-billion dollar fines from the scandal, the Volkswagen Group managed to sell a record 10,521,500 passenger and light commercial vehicles past year.

These changes could, according to the company, be personnel changes and changes in the specific responsibilities of management members.

It is unclear how soon Diess, a former BMW executive who joined VW in July 2015 and has clashed with the company's labor leaders, would replace Mueller.

Australia, Canada, England win Commonwealth Games pool golds
Defending champion from Glasgow Commonwealth Games Richard Patterson failed to lift 143kg in three attempts in the snatch. This is a sport that we dominated in the 70s and 80s through Isaac Ikhuoria, Obisia Nwankpa and Jerry Okorodudu etc.

The 64-year-old Mueller, always a reluctant CEO who had grown tired of the regular grillings by board members, responded during the talks by signaling he was prepared to step aside, they said.

Further details are emerging over an expected management shake-up at German auto giant Volkswagen AG, ahead of a supervisory board meeting expected on Friday.

In the aftermath of the diesel-cheating scandal, Mueller sought to overhaul Volkswagen's rigid top-down management structure, delegating more responsibility to its brand and regional chiefs.

Nestle wants to make all of its packaging recyclable or reusable by 2025, the Swiss food giant said yesterday, becoming the latest food company to vow to cut plastic waste.

Volkswagen owns several brands including Audi, Porsche and Skoda.

Last year, powerful labor chief Bernd Osterloh changed tack, telling a German newspaper that the dispute with Diess over how to implement reforms at the brand has been laid to rest and that the two sides aimed to "enter calmer waters".

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