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Volkswagen reorganizes management, replaces CEO

Herbert Diess replaced Matthias Mueller

13 April, 12:50
(ANSA) - BERLIN - Volkswagen is creating a new management structure that will enable faster decision-making as autonomous and electric cars transform the industry.

It announced Thursday CEO Matthias Mueller was being replaced with core brand head Herbert Diess. Former BMW executive, Diess has had the task of negotiating restructuring and cost-cutting with German worker representatives since becoming Volkswagen brand head in 2015.

The new structure will include three brand groups: volume products, premium and super premium. The automaker includes brands Volkswagen, Skoda, Audi, Lamborghini and Bentley. (ANSA).

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