In the early morning of July 23, Beijing time, the Volkswagen Group announced that its current CEO Herbert Diess will resign at the end of August, and his successor is Porsche CEO Oliver Blume, who will take office on September 1. What is intriguing is that on the same day, all employees of the Volkswagen Group in Germany are about to start a three-week factory vacation. Two hours ago, Diess himself also tweeted a photo of him preparing for the vacation with a smile, and to all employees. He expressed his gratitude and maintained an optimistic estimate of the company’s performance in the second half of the year, and did not mention the resignation at all. Volkswagen Group officials did not explain the reasons for Diess’ sudden resignation, and this very sudden news completely disrupted the vacation plans of many people within the Volkswagen Group. Reuters, citing sources, said Volkswagen’s major shareholders, the Porsche and Piech families, which hold most of the company’s voting rights, have demanded a change at the helm of the company. “Diess was very stubborn, he changed Volkswagen drastically for the better, but his communication was terrible,” an unnamed source reportedly said. Another person familiar with the matter said Diess’ departure was related to the software .
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