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Volkswagen’s Diess to step aside at Skoda, Seat to focus on software: Handeslblatt

Stock Markets38 minutes ago (Apr 29, 2021 10:35AM ET)

(C) Reuters. FILE PHOTO: Spain’s King Felipe and PM Sanchez visit the SEAT factory in Martorell

BERLIN (Reuters) – Volkswagen (DE:VOWG_p) boss Herbert Diess is stepping down as head of the supervisory boards at subsidiaries Seat and Skoda to focus on building up a stronger software-development team, newspaper Handelsblatt reported on Thursday.

At Skoda, he would be succeeded by current technology head Thomas Schmall and at Seat by Murat Aksel, head of procurement on the Volkswagen board, Handelsblatt added.

Volkswagen has been heavily focussed on regaining lost ground in the fast-growing field of software-heavy electric cars, where United States and Chinese manufacturers are seen as having a lead.

Volkswagen’s Diess to step aside at Skoda, Seat to focus on software: Handeslblatt

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