Herbert Diess, the Volkswagen CEO whose image had been tarnished in the fallout from the German automaker’s emissions-cheating scandal, is stepping down.

Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders.

BMW and Volkswagen have warned that Russia’s invasion of Ukraine is causing shortages of some vital components, forcing them to reduce vehicle production in Europe.

Luxury brands Audi and Porsche are fattening the bottom line at German automaker Volkswagen.

German carmaker Volkswagen has launched a five-year project on the small Greek island of Astypalea to test the adoption of electric vehicles in areas switching to sustainable energy generation.

FRANKFURT – The board of automaker Volkswagen has given CEO Herbert Diess a public show of support for his push into digital and electric cars after media reports Diess had clashed with the company's powerful labor representatives over issues including top personnel decisions. The board statement Monday made no mention of Diess' contract, which expires in April 2023. Workers hold an unusual amount of clout at Volkswagen, through requirements that worker representatives hold board seats and because the company's home state of Lower Saxony holds a stake in the company. The board said Diess, 62, and the board had a mandate “to organise the necessary reduction of staff” and that worker representatives and management would agree by the end of the first quarter next year on a plan to cut fixed costs by 5%. A new board post for technology would be filled by components chief Thomas Schmall, and Murat Aksel will take over group purchasing, a function he holds at the Volkswagen brand level.