Wednesday, 17th August 2022
<To guardian.ng
Search

Volkswagen CEO Herbert Diess unexpectedly steps down

Diess will be succeeded in his role by Porsche boss Oliver Blume, according to the carmaker.

Related

12 Oct 2020
The chief executive of British Airways Alex Cruz has stepped down with immediate effect after a turbulent four years in the role. Mr Cruz will be replaced by Sean Doyle, the boss of IAG stablemate Aer Lingus, but will remain on the airline's board as non-executive chairman for the time being.
23 Oct 2020
The hotel industry is "60 percent distressed, 40 percent optimistic" as it confronts the next wave of the coronavirus pandemic. That's the view of Sébastien Bazin, the CEO of AccorHotels, the largest hospitality company in Europe. Bazin spoke to FRANCE 24 about the challenges and opportunities facing the sector. He says European government aid has been "indispensable" but that member states need to coordinate more on travel guidelines, and forecasts the region won't return to pre-pandemic occupancy levels until 2023.
25 Dec 2020
We're not superheroes, we are scientists, BioNTech CEO Ugur Sahin has told DW. In an exclusive interview, the scientist explains how the firm will respond to a new virus strain and why he has not been vaccinated yet.
29 Dec 2020
The death by suspected poisoning of Lin Qi, the billionaire founder of Chinese video game company Yoozoo, leaves an opening on the listed firm's nine-person board of directors.
14 Jan 2021
Jack Dorsey has defended Twitter's decision to ban Donald Trump over his role in inciting violence offline. He added that such a move has "real and significant ramifications."
19 Feb 2021
The CEO of Robinhood, a Reddit influencer and Wall Street hedge fund managers have all faced a grilling from US lawmakers over the recent frenzy around GameStop. The House Financial Services Committee asked six key witnesses whether the extreme volatility in the shares last month, which rose almost 2,000 percent in a short space of time, exposed questionable market practices and potential conflicts of interest. But first, Renault booked a net loss of €8 billion for 2020 as global car sales dropped by more than a fifth, although the situation recovered strongly in the second half of the year.
27 Mar 2021
The auto group says past executives breached their "duty of care." Both ex-Volkswagen and Audi CEOs, Martin Winterkorn and Rupert Stadler, have rejected the accusations.
22 May 2021
The CEO of Apple took the stand to reject a lawsuit filed by Epic Games claiming the tech giant is abusing its position with its online marketplace and claiming outsized commissions.
28 Jun 2021
The German automobile giant has now set a timeline for its exit from combustion engine cars. The changes will affect Europe first, with the US and China to follow "a little later."
15 Jul 2021
Owners of VW cars in the Netherlands will be entitled to compensation of between €1,500 and €3,000 over the diesel emissions scandal, an Amsterdam court ruled.
18 Jul 2021
Commissioner of Police Lagos command Hakeem Odumosu revealed that more suspects have been apprehended as more clues are being unraveled into the murder of SuperTV CEO, Usifo Ataga.
2 Aug 2021
Federal prosecutors in New York have said the Nikola founder and CEO "brazenly lied" to investors about the the company's green vehicles to inflate market value and drive up his earnings. The SEC has also filed charges.