The shake-up, which has apparently been in the works for months, has the blessing of some of VW's top managers and shareholders, and it reflects the sense that Mueller was not working fast enough to both cut costs and reposition Volkswagen's dozen brands as leaders in the fast-changing automotive world especially in terms of new technologies like autonomous and electric vehicles, as well as new mobility services.
With a doctorate in factory automation, Diess was given a mandate by Winterkorn to slash 5 billion euros, or $6 billion, in the flagship brand's costs. But he quickly proved to be more than just a budget-cutter. Under Diess, the VW division quickly shifted focus from diesels to electrified vehicles, even announcing plans to launch an entirely new sub-brand to market products like the all-electric I.D. Buzz, a successor to the iconic VW Microbus of the hippie era.
Mmmm , and I wander if this is us ????
It said the truck and bus division, the fourth business group, would be made ready for capital markets, a step that could include selling shares in the division. It did not detail the fifth and sixth business divisions.
https://www.nbcnews.com/business/au...iesel-scandal-volkswagen-shakes-its-c-n865101
Could this have been the delay ??????????????????
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