VW CEO’s future still uncertain, with talks ‘on a knife edge’ By Reuters – Investing.com

  • Date: 24-Nov-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Middle East
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VW CEO’s future still uncertain, with talks ‘on a knife edge’ By Reuters – Investing.com

BERLIN (Reuters) - Volkswagen (DE:)'s top committee did not make a decision on the future of Chief Executive Herbert Diess at a meeting on Tuesday, two sources with knowledge of the matter said on Wednesday, with one describing talks as "on a knife-edge."

Diess and the German automaker's powerful union representatives have clashed in recent weeks over his management style and electrification strategy, after he warned jobs could be lost if the process was not managed well.

"This topic is so hot, it is on a knife-edge. I can't say anything further," said one source, who declined to be named due to the sensitivity of the matter.