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German automaker Volkswagen is creating a new management structure it says will enable faster decision-making as autonomous and electric cars transform the industry.
The Wolfsburg-based automaker is to release today details about plans to reorganize its management into six broad business areas plus China. It announced yesterday CEO Matthias Mueller was being replaced with core brand head Herbert Diess.
The new structure will include three brand groups: volume products, premium and super premium. The automaker includes brands Volkswagen, Skoda, Audi, Lamborghini and Bentley.
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