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Volkswagen replaces CEO, broadcasts new construction

FRANKFURT, Germany — Volkswagen changed CEO Matthias Mueller with core model head Herbert Diess on Thursday and stated it’s creating a brand new administration construction to allow quicker decision-making as autonomous and electrical automobiles rework the business.

The German automaker stated that it might reorganize its administration into six broad enterprise areas plus China. It stated the brand new construction would streamline decision-making within the particular person working items.

Diess, 59, is a former BMW government who since 2015 has headed the core Volkswagen model.

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