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WOLFSBURG (dpa-AFX) – In the end it was probably a problem, one argument too many. Herbert Diess is said to have twice narrowly avoided being kicked out as VW CEO. On Friday evening, shortly before the factory holidays in Wolfsburg, the surprising news came: The busy chairman, who was often criticized for his erratic behavior and roughness, is leaving. On September 1st, he will be succeeded by the head of Porsche, Oliver Blume.
A brief message to the financial world after a meeting of the inspectors sealed the end of the Diess era – almost exactly seven years after he switched from BMW to Lower Saxony.
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