Audi board to decide on management reshuffle on Monday - sources
[MUNICH] The supervisory board of Volkswagen's premium carmaker Audi will meet on Monday to decide on a management reshuffle that will see four of its seven executives leave, several people familiar with the matter told Reuters.
Audi's controlling panel aims to replace the management board members overseeing production, sales, finances and personnel, they said late on Wednesday, adding that Chief Executive Rupert Stadler would remain in office.
Sources had told Reuters earlier this week that Audi's management was to be reshuffled by the start of the IAA auto show in mid-September.
Audi, which is the biggest contributor of profits to Volkswagen, is grappling with car recalls, prosecutor investigations and persistent criticism from unions and managers over the emissions scandal and its performance post-dieselgate.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger
Baltimore’s trapped ships start leaving as new channel opens
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada