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

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

Volkswagen Group’s Supervisory board has reportedly did not decide this week on the way forward for its chief Herbert Diess, based on 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 hazards 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 vital job losses if VW is to maintain up with rivals (notably Tesla), amid productiveness considerations.

The report added that, based on 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 model’ from Diess is being sought.

A decision of the inner battle – and by implication, Diess’s future position – would probably 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 automobile manufacturing unit near its headquarters in Wolfsburg, Germany, as a part of a method to raised meet the aggressive problem posed by Tesla. The brand new plant, but to be signed off, might 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

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


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