ossible IPO.Oliver Blume joined the Volkswagen Group in 1994 and, since then, has held management positions for the brands AUDI, SEAT, Volkswagen, and Porsche. He has been the Chairman of the Board of Management at Porsche since 2015 and a member of the Group Board of Management since 2018. Herbert Diess will at the same time resign as Chairman of the Board of Management by mutual agreement. (Volkswagen Group press release)...

News  Updated at: 2022/07/25

VW appoints Scott Keogh to head newly-established Scout subsidiary On July 19, Herbert Diess, CEO of Volkswagen Group announced that Scott Keogh, President and CEO of Volkswagen Group of America, has been appointed President and CEO of Scout, an independent company that is being established in the U.S. Pablo Di Si, Executive Chairman of Volkswagen South American Region, will assume leadership of Volkswagen Group of America, and CEO of Volkswagen ...

News  Updated at: 2022/07/20

VW CEO believes Tesla is weakened by ramping up 3 Gigafactories simultaneously On June 28, Volkswagen CEO Herbert Diess said he believes that Tesla’s decision to ramp up 3 Gigafactories simultaneously will weaken the automaker and help VW catch up in the EV race.Diess made the comments at a meeting addressing supply-chain impacts on Volkswagen production goals, noting that Tesla's supply-chain struggles could pave the way for Volkswagen to ove...

News  Updated at: 2022/07/01

on (USD 1.05) billion commitment with Qualcomm for its system-on-chip technology for automated driving.VW will use the Qualcomm chips across its group brands, starting in 2026. The contract, valued at around EUR 1 billion (USD 1.05), would run through 2031, according to reports.VW Group CEO Herbert Diess had traveled to Qualcomm's headquarters in San Diego in mid-April, where the companies agreed to the conditions of the deal.The Qualcomm deal is...

News  Updated at: 2022/05/03

VW shifting production to China and the Americas amid Russia-Ukraine war On March 15, Volkswagen CEO Herbert Diess stated in an annual conference that the company will be building additional capacities for wiring harnesses and shifting vehicle production to China and the Americas due to the ongoing Russia-Ukraine conflict.In a question-and-answer session, Diess said that the company is shifting about 50,000 to 100,000 units to Latin American and ...

News  Updated at: 2022/03/16

Volkswagen meet officials of Government of Czech Republic On October 11, Škoda Auto announced that the top management of VW Group met the Government of Czech Republic and signed MoU. Skoda and CEZ Group will establish several thousand charging points in the country by 2025. Herbert Diess, Chairman of the Board of Management at Volkswagen AG, had a meeting with Karel Havlíček, Czech Deputy Prime Minister and Minister for Industry, Trade and Tra...

News  Updated at: 2021/10/13

rry Vanlancker (AkzoNobel), Francesco Starace (ENEL), Leonhard Birnbaum (E.ON), Börje Ekholm (Ericsson), Henrik Henriksson (H2GreenSteel), Ignacio Galán (Iberdrola), Frans van Houten (Philips), Christian Klein (SAP), Christian Levin (Scania), Jean-Pascale Tricoire (Schneider Electric) and Herbert Diess (Volkswagen). McKinsey & Company is serving as a knowledge contributor for the CEO Alliance and is providing additional research and data.(Volks...

News  Updated at: 2021/07/08

power generation. In the long run, Astypalea will become a model island for climate-neutral mobility. A memorandum of understanding to this effect was signed in Wolfsburg and Athen by Konstantinos Fragogiannis, Deputy Minister of Foreign Affairs for Economic Diplomacy and Openness, and Dr. Herbert Diess, CEO of the Volkswagen Group. New mobility services such as vehicle sharing or ridesharing will help reduce and optimize traffic. Energy will be...

News  Updated at: 2020/11/04

European CEO Alliance emphasizes cross-industry collaboration to fight climate change On October 2, Volkswagen announced that Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen AG, and CEOs from 11 other European companies joined forces for a zero-carbon future and a more resilient Europe. The European Union is committed to net zero emissions by 2050, which is in line with the CEO Alliance companies’ own decarbonization strate...

News  Updated at: 2020/10/05

many divisions of the company including technical development, governance, risk management, compliance and legal functions. “Mr. Thompson and his team have helped us make Volkswagen a stronger, more transparent company, but the end of the Monitorship is not the end of our journey,” said Herbert Diess, Chairman of the Volkswagen Group Board of Management. During the Monitorship, Volkswagen implemented nearly 300 new or revised internal regulat...

News  Updated at: 2020/09/16

process with extensive rights for the purposes of exchanging information, consultation and initiating actions. One item on the agenda of the intensified dialog between Volkswagen and the Sustainability Council is the CEO Alliance for Reform, Resilience and Recovery (R3) jointly launched by Herbert Diess and the Council; R3 provides support for the EU Green Deal, aspects of corporate governance and integrity, employment in times of progressive di...

News  Updated at: 2020/09/10

VW looks toward South American market development with Ford On March 17 at Volkswagen’s Annual Media Conference, Dr. Herbert Diess noted, among many other things, direction that the company is taking in South America.Diess noted that following its comprehensive restructuring and high upfront expenditures, Volkswagen had become profitable in South America in fall 2019.Going forward, emotional models based on the MQB platform, such as the Nivus, ...

News  Updated at: 2020/03/18

announced the first formal agreements of a broad alliance that will enable the companies to share development costs, leverage their respective manufacturing capacity, boost the capability and competitiveness of their vehicles and deliver cost efficiencies.Ford CEO Jim Hackett and VW CEO Dr. Herbert Diess, who will both lead the governing joint committee, confirmed that the companies will develop commercial vans and medium-sized pickups for global...

News  Updated at: 2019/01/16

Volkswagen plans Brazilian-developed global compact for launch after 2020 In an interview with Brazilian media at the Sao Bernardo do Campo plant, Herbert Diess, President of the VW Group, said that Brazil should be responsible for a new global compact to be released after 2020. The vehicle would be aimed at Latin America markets, but with possibilities to go to other regions, whether for export or local production. Representing a new cycle of in...

News  Updated at: 2018/08/21

VW to produce new Chinese SUV in Argentina, Mexico, Russia As part of its 2018 Annual Media Conference on March 14, Volkswagen brand CEO Herbert Diess announced that a new compact SUV, developed in conjunction with joint venture partner SAIC, will go into production in China in August, followed by production in Argentina, Mexico, and Russia starting in 2020.Referred to for now only as the people’s-SUV, the vehicle has been developed on the MQB ...

News  Updated at: 2018/03/16

Volkswagen CEO confirms BRL 7 billion investment in Brazil for new model strategy On November 11, Volkswagen brand CEO Dr. Herbert Diess reaffirmed the company’s commitment to Brazil, by confirming that it will invest BRL 7 billion in the country by 2020. The investment will be applied primarily for the development and launch of 20 new products, of which 13 will be produced in Brazil. Diess pointed out that the new products from Volkswagen in B...

News  Updated at: 2017/11/15

VW creates North American Region for sales, production, product development Volkswagen laid out the strategy for the newly established Volkswagen North American Region (NAR) on April 15."The establishment of the North American Region provides the U.S., Mexico and Canada more freedom and more responsibility than ever before," said Dr. Herbert Diess, CEO, Volkswagen Passenger Cars Brand.With creation of the NAR, Volkswagen Group is strengthening it...

News  Updated at: 2016/04/21

VW to continue to introduce diesel-powered models in Japan Volkswagen (VW) AG will continue its plan to introduce diesel-powered models in Japan. VW's new chief executive officer and chairman of the Volkswagen Passenger Cars brand, Herbert Diess, revealed the company's intention during an interview with the Nikkan Jidosha Shimbun and other media at the Tokyo Motor Show on October 28, 2015. VW will reexamine the model launch timings with Volkswage...

News  Updated at: 2015/10/29

VW announces reorientation of diesel strategy and investment reduction In light of the recent diesel emission scandal, VW CEO Dr. Herbert Diess has announced new product strategy decisions and the reduction of investment by EUR 1 billion per year compared with the previous plan.For diesels, it was decided to switch over to installing only drives with SCR and AdBlue (urea) technology for Europe and North America.There will be a major development t...

News  Updated at: 2015/10/15