Volkswagen appointed Ralf Brandstaetter as Brand CEO, Herbert Diess will remain Group CEO
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To tackle the rising argument between Volkswagen's powerful leaders and managers over the pace and scale of cost cutting plans to free up resources, the company replaced Herbert Diess as chief executive of the VW brand and appointed Ralf Brandstaetter to lead cost cutting efforts at the company's largest plants in Germany. Diess will remain the CEO of the Volkswagen Group that includes Audi, Skoda and others.