• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 22, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech Automobiles

Volkswagen CEO Herbert Diess to step down due to “mutual agreement”

by Meghana Kandra
July 22, 2022 - Updated On July 23, 2022
in Automobiles, Cars
Reading Time: 2 mins read
0
Volkswagen CEO Herbert Diess to step down, Oliver Blume to succeed
TwitterWhatsappLinkedin

Volkswagen CEO Herbert Diess was appointed as VW CEO in 2019. His experience after studying in Munich includes working at Robert Bosch, then having an extensive tenure at BMW AG. After fifteen years at BMW AG, he was appointed as Volkswagen CEO. In recent times, Diess became known to be a key role in automaker electrification. Following the earlier diesel-clad stain, there was significant progress in rebranding the company.

You might also like

Honda Recalls Over 259,000 Cars in U.S. Due to Brake Pedal Defect

Porsche Uses AI to Make EV Batteries Smarter and Safer

Jaguar Land Rover Faces $2.1 Billion Tariff Hit Under New US Trade Rules, Says Tata Chairman N Chandrasekaran

Volkswagen CEO Herbert Diess to step down, Oliver Blume to  succeed
Image credits- ET Auto

The CEO is resigning due to a “mutual agreement” with Volkswagen. Porsche’s current CEO Oliver Blume will take over Diess’ role at Volkswagen Group while remaining the head of the sports car marque. Diess did not mention his resignation in a recent LinkedIn post, but does share a clear indication that this is goodbye and Volkswagen is in good hands without mentioning a new CEO. ” After a really stressful first half of 2022 many of us are looking forward to a well-deserved summer break. The first six months were even more demanding than the already difficult year 2021. In addition to COVID, which struck our Chinese colleagues extremely hard, we have a war in Europe. Production was still held back by semiconductor shortages and because of a world under stress, we saw many other supply challenges and soaring raw material and energy prices.”

Progress

Furthermore, Diess went on to talk about the progress made by Volkswagen, the products, and the challenges in development, and after developments. The whole experience shared described all the ups and downs the company went through as a whole, including the semiconductor shortage, making a big move by breaking ground in Giga cell factory, the first drive with Robo shuttle, and many more. At last, he thanked all the employees and congratulated the new employees, who will be part of a bigger change for the company.

VW announced that Diess would be replaced by 54-year-old Porsche CEO Oliver Blume, who will serve as CEO of both Volkswagen and Porsche. It was also confirmed that Blume, who is currently putting the final touches on Porsche AG’s planned IPO this fall, will receive support in day-to-day operations from VW CFO Arno Antlitz. Supervisory Board Chairman Hans Dieter Pötsch thanked Diess for his service as CEO and for helping transform the company.

“Herbert Diess played a key role in driving forward the transformation of the company,” Hans Dieter Pötsch, the chairman of the board, said in a statement in which he thanked Diess for pushing the company’s move into electric vehicles. While Diess clashed with labor representatives, it is unlikely he would have resigned if he still had the trust of the Porsche and Piëch families, which own a majority of the voting shares in Volkswagen. Pötsch is a confidant of the families, and family members hold four of the 20 seats on the company’s supervisory board.

Tags: VW
Tweet54SendShare15
Previous Post

Tesla lists Robotaxi as “future product” in Q2 update letter

Next Post

Tesla Semi spotted with impressive artwork, using for its own operations

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

Honda Recalls Over 259,000 Cars in U.S. Due to Brake Pedal Defect

by Samir Gautam
June 22, 2025
0
onda is recalling more than 259,000 vehicles across the U.S. because of a defect that could affect how the brake pedal works and potentially

If you own a recent Honda or Acura, you might want to check if your car is part of a major new recall. Honda is recalling more than...

Read more

Porsche Uses AI to Make EV Batteries Smarter and Safer

by Samir Gautam
June 22, 2025
0
Porsche Uses AI to Make EV Batteries Smarter and Safer

It’s 2025, and AI seems to be showing up in just about everything these days, sometimes in ways that feel more like marketing hype than real innovation. Thankfully,...

Read more

Jaguar Land Rover Faces $2.1 Billion Tariff Hit Under New US Trade Rules, Says Tata Chairman N Chandrasekaran

by Rounak Majumdar
June 21, 2025
0
Jaguar Land Rover Faces $2.1 Billion Tariff Hit Under New US Trade Rules, Says Tata Chairman N Chandrasekaran

As new US trade measures threaten to impose $2.1 billion in tariffs, Jaguar Land Rover (JLR), the luxury car division of Tata Motors, is preparing for a major...

Read more
Next Post
Tesla Semi electric truck with impressive artwork spotted on the highway

Tesla Semi spotted with impressive artwork, using for its own operations

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?