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Confirmed: VW ID 8 electric SUV gives Atlas an EV future

Confirmed: VW ID 8 electric SUV gives Atlas an EV future
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VW power struggle ends as board backs CEO, compromises with unions

VW power struggle ends as board backs CEO, compromises with unions Staff and wire reports Diess is pushing for faster and more thorough reform at VW. MUNICH Volkswagen Group CEO Herbert Diess won backing from the automaker s supervisory board in a move that temporarily defuses a power struggle over his strategy to accelerate the automaker s push toward electric vehicles. A statement from the supervisory board on Monday said members unanimously resolved to give its full support to Diess strategy, in particular the orientation of the company toward electromobility and digitalization. Over the coming years, the executive board will implement this strategy under Herbert Diess leadership, the board said.

VW passes on Diess contract extension after spat over EV transition

December 15, 2020 Volkswagen’s Herbert Diess was not offered a contract extension from the German automaker’s supervisory board after discussions turned heated following a conversation regarding the company’s transition to electrification. Reuters reported on Monday that Volkswagen had met to talk about a possible contract extension that would see Diess run the European giant’s automotive operation for years to come. Diess reportedly demanded an early contract extension and requested that more of the company’s funds be set aside to help accelerate his attempts to create an electrified lineup of vehicles at Volkswagen. However, things did not go as planned for the 62-year-old man from Munich, Germany. Although VW’s Board is showing plenty of support for Diess moving forward and has made plans to adjust its budget, it made no mention of a possible contract extension that would see the current CEO maintain his post past April 2023 when his ties with the company are set to

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