Diess departs VW cars – Brandstätter to take over
After news broke last night, that the VW Supervisory Board had withdrawn the leadership of the VW Passenger Cars brand from Group CEO Herbert Diess, more details behind the reasoning have come to light and not all of them look very pretty.
Volkswagen to tighten savings plan
Volkswagen CEO Herbert Diess has massively tightened the group’s austerity measures in the Corona crisis and made some choice words internally regarding electrification. Diess’ goal: E-mobility must not remain a subsidy business.
Seat coming to China with VW gearing up for growth
Volkswagen’s Spanish subsidiary Seat will enter China by hooking onto the JAC Volkswagen joint venture. Together the three plan to establish a R&D centre for electric vehicles. Development is to culminate in a dedicated electric car platform for China and beyond in 2021.