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VW appoints Herbert Diess as CEO, creates new divisions

Reuters  |  BERLIN 

BERLIN (Reuters) - Volkswagen said Herbert Diess will take over from Matthias Mueller as chief executive, adding fresh impetus to its efforts to slim down and reorganise the way its 12 brands are managed.The carmaker on Thursday said it will create six new business areas and a special portfolio for China, its largest market, and split its brands into three new vehicle groups with categories for value, premium and super-premium nameplates.The announcement was made after Volkswagen directors ousted Mueller and deliberated ways to reform an empire which has motorbike, bus, truck and passenger ...

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First Published: Thu, April 12 2018. 23:51 IST