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VW Group CEO’s future on ‘knife edge’ – report – Auto Information by Automobilnews.eu

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VW Group CEO’s future on ‘knife edge’ – report


Volkswagen Group’s Supervisory board has reportedly didn’t decide this week on the way forward for its chief Herbert Diess, in accordance with a Reuters report.

The report cited nameless sources with a information of the matter and stated that one of many sources described the talks as on a ‘knife edge’.

As Tesla gears up for a German manufacturing plant, VW CEO Diess has not too long ago warned of the risks of not going quick sufficient on electrification. He seems to have riled VW’s labour union representatives by publicly linking the e-mobility strategic crucial to needed job losses if VW is to maintain up with rivals (notably Tesla), amid productiveness considerations.

The report added that, in accordance with sources, the supervisory board will want extra time to discover a compromise place that may work for all events. Some commentators are suggesting {that a} change in ‘administration fashion’ from Diess is being sought.

A decision of the interior battle – and by implication, Diess’s future position – would possible embody an announcement on broader VW Group technique, together with employment prospects and funding plans, studies say.

Earlier this month, studies emerged that Volkswagen is planning a brand new automotive manufacturing facility near its headquarters in Wolfsburg, Germany, as a part of a technique to raised meet the aggressive problem posed by Tesla. The brand new plant, but to be signed off, may produce the Trinity all-electric flagship mannequin from 2026. Signal-off on the plant is seen as part of the broader division and ongoing dialogue on technique.

VW plans new ‘Tesla fighter’ plant in Germany

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VW Group CEO’s future on ‘knife edge’ – report – Auto Information by Automobilnews.eu
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