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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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VW to remove senior executives at software unit Cariad, source claims.

A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/Andrew Kelly
A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, ... A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/Andrew Kelly
A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/Andrew Kelly
A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, ... A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/Andrew Kelly

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Volkswagen (VOWG_p.DE) will remove only one executive board member at its software firm Cariad next week to solve development concerns. A source told Reuters on Saturday.

Herbert Diess resigned and was replaced by Oliver Blume last September after the unit overspent and underperformed.

The source said Saturday that only Rainer Zugehör, Cariad’s head of personnel, will survive the supervisory board’s dismissals next week.

VW’s representative said it was monitoring Cariad’s efforts.

The spokesperson said Volkswagen’s business strategy relied on Cariad and car software development, but no personnel decisions had been made.

Cariad’s difficulties hindered Porsche e-Macan and Audi Q6 e-tron development.

Company-wide structural vehicle software for the fourth of five levels of autonomous driving from 2026 has been postponed by two years.

Business Insider predicted the firings.


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