Mr Diess' future at Volkswagen has been in doubt on multiple occasions durinng his four-year stint as CEO, most recently in autumn last year over clashes with the company's powerful works council about his electrification strategy and management style.
His departure comes as the company is pushing to beat Tesla at becoming the world's top electric vehicle maker, catch up on software and execute an IPO for its Porsche sports car brand. Diess, in a LinkedIn post before the announcement of his departure, said:"After a really stressful first half of 2022 many of us are looking forward to a well-deserved summer break."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: