Volkswagen boss could be replaced in restructuring

As Diesel Scandal Fades, VW Is Planning to Replace Its CEO

The German carmaker said on Tuesday it was considering a change in leadership as part of a broader management overhaul, but gave no further details. The 64-year-old Mueller has two years left on his current contract. The company also makes cars under the Audi, SEAT, Skoda, Bentley, Bugatti, and Lamborghini brands.

Matthias Mueller, who was brought in following the diesel emissions scandal in September 2015, has "showed his general willingness to contribute to the changes", according to a company statement. Amid opposition from labour leaders, Mueller failed to sell motorbike maker Ducati previous year.

Mr Diess, 59, has been prepared for the role after being headhunted from BMW in 2015 less than three months before the revelation that VW had fitted 11 million diesel cars worldwide with "defeat device" software created to cheat official emissions tests. Diess joined VW from southern-German rival BMW AG in mid 2015 just before the scandal erupted publicly.

VW could move as soon as Friday to name Herbert Diess, head of its Volkswagen brand, as its new leader. Other potential CEO candidates include Volkswagen's trucks chief and Daimler veteran Andreas Renschler.

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I feel so bad for Khloe now because she is pregnant, and I want her to know but at the same time, I don't. She also posted a series of explicit text messages said to be from Tristan, before deleting her posts.

Shares in Volkswagen surged in Tuesday afternoon trading, adding as much as five percent on the day before paring their gains to around 4.0 per cent at a price of 170.84 euros around 3:30 p.m. (1330 GMT).

Volkswagen Aktiengesellschaft considers a further development of the management structure of the Group, which would also be associated with personnel changes in the Board of Management and with changes in the specific responsibilities of the Board of Management members.

Further details are emerging over an expected management shake-up at German vehicle giant Volkswagen AG, ahead of a supervisory board meeting expected on Friday.

Mueller's likely departure comes two days after Deutsche Bank DBKGn.DE , another pillar of corporate Germany, dismissed its chief executive, John Cryan, in pursuit of a more rapid turnaround following years of losses. Since admitting to the scandal, VW has paid out nearly €25 billion in fines, compensation, recalls and refits.

All eyes on Sebastian Vettel in Bahrain Grand Prix
A disastrous pitstop for team mate Kimi Raikkonen left a Ferrari mechanic injured on the ground and forced the Finn's retirement. Vettel was nearly overtaken by Bottas on the last lap, but made a crucial blocking move and won by only 0.6 seconds, reported AP.

But the persistent tug of war between its controlling families, unions and other stakeholders have made it hard to drive through structural changes that investors have said are key to the company fulfilling its potential.

Volkswagen's board abruptly ended the tenure of Chief Executive Officer Matthias Mueller, a caretaker who revived the carmaker after its worst crisis on record, turning instead to a leader who can implement deeper changes, people familiar with the matter said.

"These changes could include a change in the office of chief executive officer (CEO)", a statement by the Wolfsburg-based company read. Its complex structure has extended to its main shareholder, Porsche Automobil Holding SE, where Volkswagen's chairman serves as the CEO and Mueller also serves as a top executive.

A Volkswagen spokesman declined to comment.

Welbeck's double for Arsenal costs Southampton vital points
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