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The Independent UK

National

Via AP news wire

THE TRUTH ABOUT: Volkswagen ceo will step down by sept 1 - The Untold Story

Volkswagen Herbert Diess

Copyright 2019 The Associated Press. All rights reserved

Herbert Diess, the CEO of the German automaker Volkswagen, is stepping down, the company announced Friday.

The Wolfsburg, Germany-based company said Diess, who took over as CEO in 2018, will depart Sept. 1 “by mutual consent” with the board. His contract was set to expire in 2025.

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