Dr. Herbert Diess appointed as new Volkswagen CEO

Dr. Herbert Diess appointed as new Volkswagen CEO

Dr. Herbert Diess appointed as new Volkswagen CEO

Herbert Diess said that a newly-announced management structure bundling the company's dozen brands in just three divisions would mean faster decisions as the company keeps up with sweeping change in how people use cars. The company's brands, which include Audi, Porsche, Skoda and Lamborghini, will be grouped into the broad categories of "volume", "premium" and "super premium". Diess came to Volkswagen only two years ago from competitor BMW and takes over with a mandate to press changes in the company's insular management culture.

The recently created volume brand group will also consist VW's commercial-vehicle division, one of the sources informed. The scandal has cost the company over $30 billion.

"Volkswagen is thus systematically continuing to transform its business and establishing even more efficient group management in a phase of highly dynamic change in the company and the entire automotive industry.

Matthias Müller has laid the groundwork for our transformation", said new CEO Diess.

Volkswagen VOWG_p.DE is concerned that a row between the United States and Russia over new sanctions imposed by the United States could hit business with its Russian partner GAZ Group GAZA.MM , Chief Executive Herbert Diess said on Friday.

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Mueller, who formerly headed Porsche, took over as CEO unexpectedly in September 2015 when Martin Winterkorn resigned over the company's scandal over cars rigged to cheat on emissions tests. The 60-year-old Austrian was formerly the director of the company flagship brand Volkswagen. Lastly, Porsche sports auto division head Blume has been promoted to the top management body of the entire organization.

"He assumed the chairmanship of the board of management in the fall of 2015 when the company faced the greatest challenge in its history".

The outrage, in which VW introduced outflows deceiving programming in 11 million vehicles around the world, has taken a toll the firm, in any event, $30bn (£22.4bn) in fines and different expenses.

The VW cars with 2-liter diesels would meet emissions standards tests in a laboratory or testing station, but in normal operation, they emit nitrogen oxides at up to 40 times the standard, according to the EPA.

In other boardroom changes, Gunnar Kilian has been made head of human resources and organisation, replacing Karlheinz Blessing, who has left the board by mutual agreement.

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