Volkswagen Set To Promote Diess To Replace Mueller As Boss In Shake-Up

Volkswagen Set To Promote Diess To Replace Mueller As Boss In Shake-Up

Shares in Volkswagen jumped on the news, and closed up 4.5 percent at 171.58 euros.

Volkswagen Group says it is contemplating a management reshuffle that raises questions about CEO Matthias Mueller's future with the company.

On the basis of these considerations, the chairman of the supervisory board of Volkswagen is now in discussions with certain members of the management. Diess joined VW from German rival BMW AG in mid 2015, shortly before the scandal erupted publicly.

Mueller, 64, was head of Volkswagen's richly profitable Porsche division when he unexpectedly was handed the CEO job in September 2015.

Europe's largest automotive group has been pondering steps to become more nimble, including carving out truck operations via a stock sale, as it spends billions of euros on electric cars and new mobility services.

"It is now open whether the considerations and discussions will lead to a further development of the management structure or to personnel changes", VW said in the statement.

Raleigh tax expert, IRS issue fraud warnings ahead of tax deadline
You can deduct the greater of the market value or the cost basis without paying tax on the gain. An extension to file will give you six more months to file your taxes, until October 15.

Huawei's P20 Pro is harder to fix than Apple's iPhone X
However, despite the company focusing nearly entirely on new camera technology, the Huawei P20 Pro may just have them beat. A teardown by iFixit gave the Huawei P20 Pro a repairability score of four out of 10, with 10 being the easiest to fix.

BSP repaints saffron BR Ambedkar statue in UP to blue
It led to protests in the area and the administration replaced with another status of Ambedkar brought in from Agra. Several buildings in UP capital Lucknow have been painted saffron since Yogi Adityanath came to power in 2017.

"Mr Matthias Müller showed his general willingness to contribute to the changes", the statement added.

A former chief executive of VW subsidiary Porsche, he was brought in to replace long-time CEO Martin Winterkorn at the height of the dieselgate scandal in late 2015. As the executive overseeing VW's biggest unit, he has routinely butted heads with powerful labor leaders as he has sought to cut costs and simplify the carmaker's byzantine structure.

The management upheaval contrasts with a strong operating performance at the carmaker which previous year posted record auto sales and profit. Porsche said in a separate release that any changes at VW would be reflected in its management.

Volkswagen chose not to comment on Handelsblatt's information.

VW (vlkay) said in a statement earlier on Tuesday that Chairman Hans Dieter Poetsch is now in discussions with top executives and supervisory board members about management board changes and that Mueller, 64, has "showed his general willingness to contribute to the changes". The works council, whose members occupy half the seats on the supervisory board, also declined comment.

Related News:

  • Iranians killed in alleged Israeli airstrike on Syrian base T-4

    Iranians killed in alleged Israeli airstrike on Syrian base T-4

    Israeli TV showed footage of the Iranian fatalities arriving back in Iran to cries from the crowds of "Death to Israel". Israel had accused Iran of having launched a drone from the base towards Israeli airspace. "We'll touch them.
    Louisiana students show mixed outcomes in 'Nation's Report Card'

    Louisiana students show mixed outcomes in 'Nation's Report Card'

    It examines academic performance for fourth and eighth graders, which are considered key benchmark points in student education. Across the country, this year's results showed no progress toward closing the race and income gaps, federal officials reported.
    Post semi-nude protest, Tollywood actress Sri Reddy's membership plea rejected

    Post semi-nude protest, Tollywood actress Sri Reddy's membership plea rejected

    She has said she is even ready to kill herself in front of the Telugu Film Chamber of Commerce if her demands were not met. The actress claimed filmmakers asked her to send nude photos and videos as a precondition for roles in their movies.
  • India records lowest crude oil production in 7 years - PPAC

    India records lowest crude oil production in 7 years - PPAC

    West Texas Intermediate crude futures were at $63.81 a barrel, up 39 cents, or 0.6 percent. Prices fell 2.3 per cent to US$62.06 on Friday, the lowest close since March 19.
    Bots are behind most tweeted links to popular websites on Twitter

    Bots are behind most tweeted links to popular websites on Twitter

    It said suspected bots share roughly 41% of links to "conservative" political sites and 44% of links to "liberal" political sites. The policy allows for bots to "automatically broadcast helpful information" or "run creative campaigns that auto-reply to users".
    Celebrate National Library Week, with La Salle kickoff event set for Wednesday

    Celebrate National Library Week, with La Salle kickoff event set for Wednesday

    The first clue -- "Call me Ishmael" to find this whale of a tale -- isn't so hard, Denne admits, but they do get more complicated. Although they don't usually linger on our new bookshelf for very long, there's always something fresh at the library.
  • Hazard looks on bright side of Chelsea's CL failure

    Hazard looks on bright side of Chelsea's CL failure

    Hazard has endured a frustrating season at the west London club after Chelsea FC were unable to defend their Premier League crown. Following defeat by Tottenham on Easter Sunday, their chances of qualifying for next season's Champions League are slim.
    Institutionals Holders Overview For Exxon Mobil Corporation (XOM)

    Institutionals Holders Overview For Exxon Mobil Corporation (XOM)

    Howard Weil upgraded ExxonMobil from an "outperform" rating to a "focus list" rating in a research note on Friday , December 22nd. It's up 0.93, from 0.57 in 2017Q3. 122 funds opened positions while 542 raised stakes. (NYSE:TSS) was sold by WEAVER DORENDA K.
    A Game Of Thrones Season 8 Battle Took 55 Nights To Shoot

    A Game Of Thrones Season 8 Battle Took 55 Nights To Shoot

    The assistant director Jonathan Quinlan shared a thank you note to the cast and crew upon the completion of the battle sequence. The note read as, " This is for the Night Dragons ". 55 consecutive nights. 11 weeks.
  • Driving Distracted? RPD is Watching

    Driving Distracted? RPD is Watching

    Distracted driving is defined as any activity that could divert a person's attention away from the primary task of driving. During the three-day campaign across the state, from April 2-5, officers report they issued 1,816 citations.
    Vevo, YouTube Hacked, Top Music Videos Affected

    Vevo, YouTube Hacked, Top Music Videos Affected

    Vevo's YouTube account appears to have fallen victim to hackers today, as a number of high-profile music videos have been defaced. This was first shared on The Hacker News which now has a thread with the latest updates on the YouTube hack.
    Asia Cup cricket shifted from India to UAE

    Asia Cup cricket shifted from India to UAE

    Despite being moved to the UAE , the tournament would still be considered a home series for India. Pakistan will also host the Annual General Meeting, the next one set to be held later this year.


Most liked

"Progressing" Tiger Woods to take his usual post-Masters break
But it's still fun, and Tiger's return will help popularize faces the average sports fan might not otherwise recognize. Jordan Spieth ran off four birdies in five holes to tie for the lead, and Reed answered with a birdie on the 14th.

Zidane Includes Academy Midfielder In Real Squad Ahead Of Juventus Clash
If you ask me, I have more motivation than I can ever keep in mind to win the league. "It is what this club has". "The great players of the past are Real Madrid's main assets", he said.

The 2019 Camaro Unveiled: 3 Things You Need To Know
LS and LT models get red lenses, while RS, SS and ZL1 models feature a "dark-tinted, neutral-density" (read: clear-ish) treatment. Inside, the package includes a sueded flat-bottom steering wheel and shift knob and optional Recaro sports seats.

Today marks 20 years since Good Friday Agreement
Sinn Fein Leader Gerry Adams and Chief Negotiator Martin McGuinness. "That's going to be totally and absolutely disastrous". Now more than ever, we need to see the restoration of devolution and the power sharing Executive in Northern Ireland .

Kathua minor rape-murder: Lawyers stop cops from filing chargesheet
The judge, Crime Branch officials and Chief Prosecuting Officer went to the court room, but the slogans did not stop. On March 20, a 60-year-old man, who had allegedly planned the crimes, surrendered to the crime branch.

Tony Finau's ankle injury looks gruesome after top-10 Masters finish
An eagle would have earned him a pair of crystal glasses from his first appearance in the Masters . Jordan Spieth birdied five straight holes beginning at the 13th on the way to a 6-under 66.

Sydney man charged with sharing child porn
He was charged with two counts of second-degree endangering the welfare of a child, the Prosecutor's Office said. The images and video all appear to be from online sources, and were not photographed by Wilkens, police said.

Supermarket Giant Iceland Bans Palm Oil From Own-Brand Products
Therefore eliminating palm oil might lead to the use of more land with higher risks of deforestation ". It has already been replaced with alternatives such as sunflower oil and butter in half of them.

China-made Ford Focus revealed ahead of exports to U.S. next year
The 1-litre EcoBoost petrol comes with 85PS, 100PS and 125PS outputs while the 1.5-litre EcoBoost pumps 150PS and 182PS. There's also a range of new EcoBlue diesels - two 1.5-litre cars with 94bhp or 118bhp and a powerful 148bhp 2.0-litre.

Anthony Martial set to leave Manchester United after rejecting new contract offer
Notably, Bouhafsi was the first man to break the news that Martial would join United in the summer of 2016. Whether or not Mourinho cares if Martial leaves, however, is another question.

Overconfidence is unsafe - Valverde sounds Roma warning for Barcelona
The highly rated Kostas Manolas will once again be in charge of keeping Lionel Messi quiet, despite conceding in the first leg. But Valverde has insisted his side must be cautious about Dzeko, with the Bosnian striker scoring at the Camp Nou last week.

TJ Miller Called the Authorities Instead of Deadpool on a Bomb Threat
The 36-year-old actor is accused of "intentionally conveying to law enforcement false information about an explosive device ". The FBI docs say Miller's false report caused 926 man hours worth of delays and disrupted several bomb squads in CT and NY .

Mega Man X Legacy Collection Coming to the West This Summer
A new X Challenge mode that will put X against two bosses from various games at once will be included with the collection. And also explains the rise of the Mavericks and the drama that lead to Mega Man X as a series.

'Bumblebee' writer Christina Hodson takes over 'Batgirl' after Joss Whedon's exit
There have been many Batgirls, but the most famous is Barbara Gordon, daughter of Gotham City police commissioner James Gordon . Hodson wrote the Denise Di Novi-directed Warner Bros. thriller Unforgettable starring Rosario Dawson and Katherine Heigl.

Bills' Incognito says he's retiring because of health issues
Most Dolphin fans will remember Incognito for the bullying scandal that happened in 2013. "I just want to be in the Hall of Fame". The Buffalo News' Vic Carucci reported that Incognito, 34, has already informed the Bills that he is retiring.