Volkswagen Faces 2023 Profit Hit, While Its Biggest Challenge Is Electric

Volkswagen ID Buzz electric van. (Photo by JOHN MACDOUGALL/AFP via Getty Images) AFP via Getty Images Like its European competitors, Volkswagen’s profits could halve in 2023. Its challenge of opaque g...

VW’s Diess Goes, As Flawed Governance Foils Another Leader

Herbert Diess, chief executive officer of Volkswagen AG, who is leaving at the end of August. … [+] Photographer: Krisztian Bocsi/Bloomberg © 2022 Bloomberg Finance LP A software spat probably t...

VW Board Ousts CEO Herbert Diess After Pivot to Electric Vehicles

Key shareholders in Volkswagen joined forces with labor leaders to oust Chief Executive Officer Herbert Diess, who was in the midst of a push to turn the German auto company into a top maker of electr...

VW Chief Diess To Leave, Replaced By Porsche’s Blume

VW’s Herbert Diess (Photo by Sean Gallup/Getty Images) Getty Images Volkswagen said Friday Group CEO Herbert Diess is stepping down, an unexpected move that will shock investors. The move came a...