Baltimore Sun

Volkswagen CEO abruptly resigns


BERLIN — Herbert Diess, who helped restore Volkswagen’s reputation after a costly and embarrassi­ng diesel emissions scandal, resigned unexpected­ly Friday after a tenure marked by friction with the carmaker’s powerful labor union.

The CEO’s resignatio­n is sure to raise fresh questions about the company’s convoluted governance structure, an uneasy balance of power among labor representa­tives, local government and descendant­s of Ferdinand Porsche, who oversaw constructi­on of the Beetle in the 1930s.

The giant automaker said Diess would leave at the end of August, without giving a reason for his departure. He will be succeeded by Oliver Blume, CEO of Porsche, the company’s profitable sports car unit.

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