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The Independent UK
The Independent UK
National
Via AP news wire

Volkswagen CEO will step down by Sept. 1

Volkswagen Herbert Diess
Copyright 2019 The Associated Press. All rights reserved

Herbert Diess, the CEO of the German automaker Volkswagen, is stepping down, the company announced Friday.

The Wolfsburg, Germany-based company said Diess, who took over as CEO in 2018, will depart Sept. 1 “by mutual consent” with the board. His contract was set to expire in 2025.

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