Volkswagen CEO’s replacement has been planned for months: report

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The replacement of Volkswagen CEO Matthias Mueller has been planned for months and board members Francisco Garcia Sanz and Karlheinz Blessing are also going to be ousted, Germany’s Bild newspaper reported. The small circle of executives preparing Mueller’s ouster included Chairman Hans Dieter Poetsch, labor chief Bernd Osterloh, and two member’s of Volkswagen’s controlling family: […]

Volkswagen expects to lose 25,000 jobs

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Europe’s biggest vehicle producer Volkswagen says a shift to electrical vehicles will require the automaker to slash 25,000 job openings in the coming years, the Frankfurter Allgemeine Zeitung paper reported, mentioning the automaker’s head of personnels. As cars with electrical motors are developed from fewer parts than cars with combustion engines, “we will require less […]