Big ousters at Volkswagen

|About: Volkswagen AG ADR (VWAGY)|By:, SA News Editor

Another Mueller is in the crosshairs... The replacement of Volkswagen's (OTCPK:VLKAY) chief executive has been planned for months, according to Germany's Bild newspaper, and board members Francisco Garcia Sanz and Karlheinz Blessing are also due to be ousted.

CEO Matthias Mueller will be fired before VW's annual general meeting on May 3, with brand chief Herbert Diess taking his place.

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