Volkswagen considering replacing CEO Mueller with brand chief Diess amid shake-up
06:12, Apr 12, 2018
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.
Mueller, 64, took over suddenly in 2015 when predecessor Martin Winterkorn fell victim to the company's scandal over cars rigged to cheat on diesel emissions tests.
He launched an ambitious reform plan, including investing billions of euros in electric vehicles, but has struggled to push through reforms aimed at creating a more efficient and focused company. Amid opposition from labour leaders, Mueller failed to sell motorbike maker Ducati a year ago.
Diess was regarded as a potential future CEO when he joined Volkswagen in July 2015 after serving as head of vehicle development for BMW.
However, Union Investment fund manager Ingo Speich, whose firm holds about 0.6 percent of Volkswagen preference shares, expressed concern that running a group with about 640,000 employees at more than 120 plants worldwide could prove tough for Diess, who has a reputation for micro-management.
Previous executives who attempted deeper cuts in VW's homeland, including Bernd Pischetsrieder and Wolfgang Bernhard, were forced out of office or stifled in their reform efforts.
The decision seems popular among shareholders and market forecasters, given that the price of Volkswagen shares increased by 4.5% on the German stock market.
Volkswagen will give labor leaders a management board seat as part of a broad agreement to win approval for Herbert Diess as the German carmaker's new chief executive, sources said on Wednesday.
Volkswagen Chief Executive Officer Matthias Mueller has won wide praise for steering the carmaker through the near-death experience of cheating on diesel-emissions testing - but that wasn't enough to keep him in the job.
"Diess will hold both positions, CEO of the company and the VW brand", one of the sources said, speaking on condition of anonymity because of the sensitivity of the subject.
"Put simply, we see no better alternative to Matthias Mueller to make the company fit for the future by dealing with some of the legacy businesses as well as making the right investments in future technologies".
As part of the streamlining plan, Volkswagen tried to sell motorbike manufacturer Ducati a year ago, but failed in the face of opposition from labour union leaders.
Chairman Hans Dieter Poetsch is leading the process and Mueller has "showed his general willingness to contribute to the changes", the company said in a statement.
Ragnar Klavan was also back in the side following a spell on the sidelines with injury, and he was asked to play at left back. Liverpool's Loris Karius produced a spectacular save to keep out a curling effort by Yannick Bolasie .
One YouTube employee tweeted from inside the headquarters saying he was barricaded inside a room until his room was evacuated. Police are responding to reports that there is an active shooter at the headquarters of Youtube in San Bruno, California.
Over the course of their winning streak, MI has played lock down defense, giving up just 62 points per game to opponents . The Wolverines have had a unique path to the championship, failing to play any better than a 6 seed to this point.
This whole saga reportedly took place last month, while Edelman was visiting former Patriots teammate Danny Amendola in Texas. The 14-year-old admitted that he left the threatening message, and officers found a pair of rifles in the home, per Belson.
Astronomers pouring over old x-ray observations have found signs of a dozen black holes in the inner circle of the Milky Way. First, their mass tends to pull them to the centre. "Isolated, unmated black holes are just black-they don't do anything".
On Saturday , the temperature is forecast to reach 27 degrees before the chance of more snow returns Sunday . Weak cold front sags south through the area bringing a few light rain showers during the late evening hours.
Information for this article was contributed by Jim Heintz and Nataliya Vasilyeva in Moscow of The Associated Press. Kovalenko also questioned why so many Russian citizens have died "under very mysterious circumstances" in Britain.
Williams and Nixon also discussed the death of Stephon Clark - a black man who was shot and killed by police in Sacramento, Calif. Nixon was quick to explain that she does think the shooting was a result of being what Williams called a "black man thing".
Incognito earned three of his four Pro Bowl selections in Buffalo, and was considered among the Bills team leaders. Ngakoue said he and Incognito cleared the air after they were AFC teammates at the Pro Bowl in January.
What makes this story take a freakish turn is that the driver of the vehicle shot and killed himself inside it. The Sueddeutsche Zeitung paper also says the suspect's apartment was being searched for possible explosives.
Tiffany Haddish's Unsubscribed Series in Development at HBO
Unsubscribed is one of the products of Haddish's two-year deal with HBO and her production company, She Ready Productions . Just when we thought Tiffany Haddish already had a full plate of projects , she has gone and booked yet another big one.
Chrissy Teigen reacts to Cardi B's threesome lyric
But she denied the report and said, "I'm just getting fat". "I took pictures with Beyoncé, I met Mama Knowles", she raps. Cardi B's highly anticipated debut album Invasion Of Privacy recently dropped to the utmost pleasure of the Bardi Gang.
A Fortnite Mobile message from your teacher
The iPhone 5S, iPhone 6, iPhone 6 Plus, iPad Air, iPad Mini 2, iPad Mini 3 or an iPod Touch users can not enjoy the game. A researcher from the United Kingdom is arguing that Fortnite , Epic Games' sandbox survival game, isn't addictive.
Google To Launch Low Cost Pixel Phones In Select Markets
The recent advent of internet penetration due to cheaper data will help Google to realise the maximum potential of the products. Launching a cheaper Pixel phone in regions such as India could provide a big boost for Google's fledgling Android smartphones.
Meghan Markle, Prince Harry reveal florist for royal wedding
Labelling the actress " Princess Diana 2.0", it's clear this won't be the last time Meghan's past will come under the spotlight. George's Chapel on Sunday, April 1, but two people were noticeably missing from the affair - Prince Harry and Meghan Markle .
Sinclair's Local Anchors Decry Fake News Via Same Script
Oliver also said the Sinclair statement echoed "one of Trump's favorite talking points or more commonly screaming points". On Friday, the liberal website ThinkProgress released a video showing some samples of local stations airing the segments.
Widow of the Pulse nightclub shooter found not guilty
UNITED STATE District Judge Paul Byron introduced the decision Friday, about one month after the test opened up. Prosecutors said that Salman, 31, helped her husband, even if she didn't pull the actual trigger that night.