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The Latest Breaking News from Herbert Diess

VW slams production into reverse as industry faces battles on all sides

Plan to cut German factories is politically fraught but makes sense economically given Chinese competition, falling demand and CO2 rules

The Guardian - UK

Inside Volkswagen’s $130 billion EV battle

The world's largest automaker was late to the EV race. Now it's spending billions to catch up to Tesla and Chinese brands.

Fortune

No more red carpet for Musk as VW breaks with Tesla entrepreneur

Oliver Blume's predecessor Herbert Diess angered labor unions with his constant adulation of Tesla.

Fortune

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How Volkswagen Transitioned From Climate Cheater To EV Leader

Rather than completely ruining the global automotive group, VW's storied "Dieselgate" scandal led to the company being considered a clean vehicle leader.

InsideEVs

New Volkswagen boss eyes tapping the brakes on software drive

Berlin (AFP) - Volkswagen's new boss Oliver Blume will seek to rally the board and shareholders at back-to-back meetings from Thursday to support his strategy on a crucial automotive software that felled his predecessor.

AFP

Volkswagen delays key EV project as Tesla challenge stumbles

Volkswagen AG’s ambitious push to supplant Tesla Inc. as the global electric-vehicle leader is running into trouble.

Tribune News Service

Musk has picked a successor as Tesla CEO: Here are the top candidates for the job

Tesla director James Murdoch revealed to a judge that Musk has recently made a decision as to who should one day replace him at the helm of the $600 billion electric vehicle manufacturer.

Fortune

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Volkswagen and Porsche Take a Huge Risk With a Big Bet

VW and Porsche are determined to very quickly catch up with Tesla on electric vehicles.

The Street

Volkswagen shifts gear with Oliver Blume taking wheel

FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

Bangkok Post

Volkswagen shifts gears with Oliver Blume taking wheel

Frankfurt (AFP) - Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

AFP

Volkswagen 'confident' despite global headwinds

Frankfurt (AFP) - German auto giant Volkswagen said Thursday that it was able to overcome global economic headwinds and supply chain issues to put in a "robust" performance in the first six months of 2022.

AFP

First details of Porsche’s F1 buy-in of Red Bull revealed

The first details of Porsche’s planned 50% buy-in of the Red Bull Formula 1 team have been revealed in legal documents, ahead of a potential announcement next month.

Autosport

Volkswagen Group Fired Diess Because Of Software Unit Fiasco

The Porsche and Piëch families that control Volkswagen Group plotted Herbert Diess's ouster while he was on a US trip last week, Bloomberg reports.

InsideEVs

VW's new CEO faces twin challenges of Porsche, software problems

Frankfurt (AFP) - When Oliver Blume ascends to the top job at German automaker Volkswagen in September, he will be faced with taming the challenges that led to the fall of his predecessor, Herbert Diess, last week.

AFP

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The Street

Musk Says One Thing Is Central to the Future of the Car

Tesla's CEO, who has pushed the auto industry to go electric, weighs in on a particular factor that will be critical to the industry's future.

The Street

Stocks Higher, Week Ahead, Boeing, Volkswagen and Monkeypox - Five Things To Know

Stock futures higher as Fed decision looms; Week Ahead: earnings, fed, GDP and inflation data; Boeing edges lower following St. Louis strike vote; Volkswagen slides on first day trading following CEO Diess ouster and WHO declares global health emergency over monkeypox outbreak.

Financial Times

‘Ruffling feathers’: How Volkswagen fell out of love with Herbert Diess

World’s second-largest carmaker sacked chief executive on Friday after bruising four-year tenure

Benzinga

Tesla's Relief Rally, Volkswagen's Diess Springs In Surprise, Lucid Beefs Up Management Team, Faraday Future Stalls And More: Week's Biggest EV Stories

Electric vehicle stocks closed mostly higher in the week ending July 22, thanks to a strong earnings report from market leader Tesla, Inc. (NASDAQ: TSLA). Some stocks reacted to company-specific developments, while shares of Chinese EV makers, closed uniformly lower.

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Motor1

Volkswagen Explains Decision Behind Scout Nameplate Revival

The video comes with a visit from a classic Scout II at the Autostadt.

AFP

Volkswagen to change CEO and style with departure of Diess

Frankfurt (AFP) - Volkswagen unexpectedly announced Friday that its CEO Herbert Diess will step down in a few weeks after four years at the head of the German auto giant as it attempts an ambitious shift towards electric vehicles.

The Independent UK

Volkswagen CEO will step down by Sept. 1

Volkswagen has announced that the CEO of the German automaker is stepping down

Motor1

Volkswagen Group Names Porsche CEO Oliver Blume As New Boss

He takes over for Herbert Diess on September 1.

Axios

Scoop: VW turns to electric Scout brand to win back Americans

VW is creating a spinoff U.S.-based EV company

The Street

Tesla Facing Growing Competition From a Big Player

A major automaker may be able to overtake Tesla's EV sales by 2024, a recent report says.

The Street

Volkswagen Takes on Tesla and Chinese Rivals BYD, NIO

The German automaker seeks to attract Chinese consumers.

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People

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