Herbert Diess is relinquishing his title as head of VW brand in response to “the botched launch of the latest Golf, the company’s top-selling model, and persistent troubles readying the
new all-electric ID-3 set to go on sale this summer,” according to The Wall Street Journal
. He remains CEO of the Volkswagen company that includes the VW, Audi, Porsche, Lamborghini and
Bentley brands. Ralf Brandstätter, currently No. 2 at the VW brand division, will become CEO of the division on July 1 while Diess will focus on steering the group.
Read the whole story at The Wall Street Journal »