VW’s CEO Herbert Diess enters slightly modified role

Volkswagen’s CEO Herbert Diess will remain with the company but in a slightly modified role, according to Autoblog. The news ends weeks of uncertainty about his future with the brand, since VW will increase its five-year spending plan for electric cars by about half. “Rolf Brandstaetter, who took over from Diess as head of the core Volkswagen brand last year, will join the board and lead a new division entitled Volkswagen Passenger Cars” and will take over VW’s China business from Diess. (Source: Autoblog) Read the original story…

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