Volkswagen brand chief Herbert Diess is going to head up a volume brands division which consists of responsibility for Skoda and Seat, two sources knowledgeable about the matter stated on Thursday. The recently created volume brand group will also consist VW’s commercial-vehicle division, one of the sources informed. “Diess will get immense power,” he stated.
Volkswagen owned soccer team, Vfl Wolfsburg, deals with cost cuts next season after maintaining its place in Germany’s Bundesliga with success in a playoff on Monday night. VW subsidies its regional club Wolfsburg to the tune of about 90 million euros ($100 million) every season even as Europe’s most significant automaker faces billions of fines