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Volkswagen CEO Gives Up Dual Role

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 »

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