Volkswagen, the world's biggest carmaker by volume, has been saddled with the fallout of a global diesel emissions scandal that emerged in 2015 and led to multibillion-dollar lawsuits in several countries, in particular in the US.
Herbert Diess, chief of the Volkswagen brand, was named to take over as CEO of the company as a whole.
"The range of tasks at group level, with its many brands, legal risks and political influence, makes the new assignment incomparably more complex", Speich said, adding that there is no guarantee reforms would become easier to push through.
Volkswagen Group has ousted CEO Matthias Müller and replaced him with Herbert Diess, previously CEO of the Volkswagen brand within the larger 12-brand corporation.
The 64-year-old Mr Mueller will be replaced before Volkswagen's annual general meeting on May 3, the Bild newspaper said yesterday. The move is part of an effort to reorganize the company to do business more efficiently, the company said.
Volkswagen, which has a history of rocky management handovers, has chose to replace Matthias Mueller, 64, with the 59-year-old Diess, according to people familiar with the matter, who asked not to be identified speaking ahead of an official announcement.
Diess is a former BMW executive who since 2015 has headed the core Volkswagen brand.
Dieselgate has cost VW more than 25 billion euros ($31 billion) in buybacks, fines and compensation, and the carmaker remains mired in legal woes at home and overseas. "Instead of being squeezed out, he has been pushed upward, and has been made CEO".
VW's statement didn't specify whether the planned changes meant replacing Mr Mueller or simply a shift in responsibilities. But a replacement of the CEO could also signal that some of the primary shareholders and board members are perhaps unhappy with the direction of the company. Porsche sports auto division head Oliver Blume was promoted to the top management body of the entire group.
As head of purchasing at BMW, Diess was instrumental in the luxury-car maker's ability to weather the financial crisis by squeezing more than 4 billion euros out of supply costs.
On Tuesday, Mueller indicated his "basic willingness to play a part" in possible changes in the firm's leadership after a VW press release announced that the company was mulling changes within its top management echelons.
And she'll tell you she remembers waking up on this sofa with her clothes disheveled at 4 o'clock in the morning. That admission in the settlement led prosecutors to reopen the case against him, leading to these charges.
Okpala, who believed that power belongs to God, said that performance and not incumbency would determine the 2019 elections. The President said his decision to re-content was borne out of the " clamour " by Nigerians.
One group of teacher walked the 100 miles from Tulsa to the capitol in Oklahoma City, to draw attention to their plight. The walkout comes after the West Virginia teachers' strike catalyzed a movement of teachers demanding higher pay.
Because of the $700 & $716 Billion Dollars gotten to rebuild our Military, many jobs are created and our Military is again rich. Building a great Border Wall , with drugs (poison) and enemy combatants pouring into our Country, is all about National Defense.
Oil marketing companies slumped following reports that the government is asking these firms to absorb price hikes. According to analysts, higher crude oil prices and bonds led to dampening of customer sentiments as well.
Fourteen ambulances and ten fire engines were dispatched to the area and several bodies were pulled out of the wreckage. It happened on Wednesday morning at Boufarik military airport, an air force base near the capital, Algiers .
Having seen some of Real Madrid's defending in his absence, Zinedine Zidane's side will be praying that is not the case. Ramos will only be punished if his presence was noted and reported by referee Michael Oliver or a UEFA delegate.
Following the talks, the French prime minister gave a luncheon party in honor of the Crown Prince and the accompanying delegation. It is believed that projects include the joint development of apps and educational material between the company and Kingdom.
The notices, which are up in South Wharf Road , state that parking is suspended from April 9 to April 30 for an "event". A web page ( www.royal.uk/baby ) dedicated to the baby has also been set up on the Royal Family's official website.
McArthur has been charged with killing the three men, as well as Selim Esen, 44, Majeed Kayhan, 58, and Dean Lisowick, 43 or 44. Police say they've identified the remains of three people believed to be victims of alleged serial killer Bruce McArthur .
Democratic political strategist Steve Schale predicted the race would be close and that Trump's popularity could play a role. Nelson later told CNN's Wolf Blitzer Monday afternoon that "there are so many differences" between himself and Scott.
It has been quite hard , because of the fact it's an old record that hasn't been broken for a long time ". He's a player who wants to be active because he's the best, but we have to talk after training".
Man charged in Merrifield assaults
The alleged assault was reported to have taken place at the victim's residence, where Cottrell had been staying. Investigators aren't naming the dating site where the pair met, citing the ongoing investigation, Bough added.
Featured Stock for Investors: The Kroger Co. (NYSE:KR)
It turned negative, as 42 investors sold STT shares while 262 reduced holdings. 176 rose positions while 121 funds took positions. Since October 26, 2017, it had 0 insider buys, and 5 selling transactions for $8.83 million activity. (NYSE:KR) for 2.07M shs.