Volkswagen’s Herbert Diess to head volume brand division

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.

The automaker’s board member for procurement Francisco Javier Garcia Sanz will quit his post, the sources further added.

Porsche Chief Executive Oliver Blume is going to join the management board of VW Group, one of the sources stated.

German newspaper AutomobilWoche was first to report that Sanz would quit.