Volkswagen: Herbert Diess should lead the VW Group until autumn 2025

That Herbert diess would like to stay at the top of VW for longer was no secret - now he is getting his way: the manager should be CEO of VW until autumn 2025 Volkswagen stay. The announced the group on the evening after a supervisory board meeting. Under Diess there are still "the best conditions for the continued successful development of the entire company," supervisory board chairman Hans Dieter Pötsch is quoted as saying.

So far, Diess was appointed CEO of the largest European car manufacturer until spring 2023. Formally, it is now a new contract that should run until October 2025.

The decision on the former head of BMW development, who initially moved to Volkswagen as head of the core brand in the summer of 2015, is likely to surprise many in the industry at the moment.

Last year there had been heated discussions about a possible early contract extension, which Diess is said to have called for itself, according to several insiders from the group environment. Usually also in Wolfsburg A continuation is only negotiated one year before the expiry.

Development center planned for 800 million euros

The agreement that has now been reached is regarded as the owner's commitment to Diess' course. He is comprehensively converting the VW Group in the direction of e-mobility and digitization. At the end of October 2025 he will be 67 years old.

As part of the renovation, the group plans to invest a lot of money in a new development center at its headquarters in Wolfsburg. Around 800 million euros could be invested in the "Campus Sandkamp", according to a letter to the workforce.