Herbert Diess ousted as Volkswagen boss

tigerbalm

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CEO forced out after supervisory board vote will be replaced by Porsche chief Oliver Blume

https://www.ft.com/content/f73ee239-8c2a-4344-b042-2d78c646506b

Porsche Taycan Herbert Diess ousted as Volkswagen boss Screenshot 2022-07-22 at 21.53.41


"Blume, who will remain Porsche chief executive once he takes over Diess’s job, has overseen the development and market launch of the electric Taycan model, which has overtaken the classic 911 in sales."

If VW still intends to float Porsche off as a separate business, I don't see how Mr. Blume can remain CEO of both!
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