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 electrifi...