Its complex structure has extended to its main shareholder, Porsche Automobil Holding SE, where Volkswagen's chairman serves as the CEO and Mueller also serves as a top executive.
Further details are emerging over an expected management shake-up at German auto giant Volkswagen AG, ahead of a supervisory board meeting expected on Friday.
In response to the story, the company used a statement overnight to say it is considering "potential further development in the management structure in the Volkswagen Group and potential personnel changes in the Board of Management".
In tapping the 59-year-old Diess for the top job, Volkswagen would elevate a senior executive from its own ranks, while handing the reins to someone who was not at the automaker when the diesel cheating began. Prior to joining VW, Diess was an executive at BMW. The shares jumped as much as 4.7%. As the executive overseeing VW's biggest unit, he routinely butted heads with the powerful labor union as he sought to cut costs and simplify the byzantine structure of the carmaker.
These changes could, according to the company, be personnel changes and changes in the specific responsibilities of management members.
Despite facing billions in fines, vehicle refits and lawsuits relating to its "dieselgate" scandal, Volkswagen's operating results have been robust under Mueller's watch, with sales and profit hitting record highs previous year.
Volkswagen could look to split into four sections - a mass-market carmaker including its VW, Seat and Skoda brands; a premium business consisting of Bentley and Audi (NSUG.DE); a sportscar group including Porsche, Bugatti and Lamborghini; and a commercial vehicle and trucks arm, the sources said.
Scholastic unveils breathtaking new Harry Potter covers
The seven black and white covers all link together through the illustration of a woven snake to become one wonderful piece of art. When placed side-by-side in chronological order, the seven books create a single image that tell Harry Potter's "life" story.
The scandal, and Volkswagen's continued vulnerability to it, came into renewed focus after The New York Times reported in January that the company had helped to finance experiments on monkeys in a bungled attempt to show that exhaust from modern diesels was benign.
"A change to the chief executive could be involved", it added.
"If Diess is confirmed as the successor, VW shares will extend their gains", Evercore ISI analyst Arndt Ellinghorst said, who has an "outperform" rating on the stock.
But CEO Matthias Mueller's attempts at reform have often been thwarted by turf wars among the German company's stakeholders and opposition from its labor leaders.
VW could move as soon as Friday to name Herbert Diess, head of its Volkswagen brand, as its new leader.
Volkswagen and the works council declined to comment.
The students travelling in the bus were mostly from Class 5 and below, of Wazir Ram Singh Pathania Memorial Public School. Prime Minister Narendra Modi's office tweeted that Mr Modi was "anguished" over the news of the deaths.
Meanwhile the Congress party has expressed confidence that Siddaramaiah will get a second run as Chief Minister of Karnataka. Party leaders said Muslims, Dalits, Lingayats and OBCs could win the main chunk of Congress nominations.
Russia is the Syrian regime's only real supporter, and there are Russian troops in Syria supporting President Assad's troops. President Trump has promised a forceful USA response to Saturday's incident in the Damascus suburb of Douma.
He slotted the ball into the corner, to earn Madrid a third successive semi-final ticket in the UEFA championship. Former Manchester United striker Wayne Rooney recently argued his bicycle was better than Ronaldo's version.
The key objective of using Perf Month indicator is to evaluate the actual value of shares existing in the stock market. Netflix, Inc . (NASDAQ: NFLX)'s market cap, the total dollar value of all of their outstanding shares, is 131639.64m.
Saudi Arabia used to be China's largest supplier of crude oil, but has lost that spot to Russian Federation in the past two years. But in the first 11 months of 2017-18, Saudi supplies at 33.9 million tonnes have lagged Iraqi exports of 42.4 million tonnes.
Following the allegations, Netflix announced that Spacey would not be involved with any further production of " House of Cards ". The Los Angeles County District Attorney's Office confirmed that it is reviewing a sex crimes case against actor Kevin Spacey .
Jet Airways not to take part in Air India divestment
The national carrier is staying on taxpayers' money under the turnaround plan approved by the previous UPA government in 2012. The Air India logo is seen on the facade of its office building in Mumbai , India, July 7, 2017.
Stranger on plane adopts pregnant woman's child
Johnson stayed friendly with the Harts for some time after that, even living with them briefly after he split from his wife. One of the friends said they believed it was only for a few months, while another said they thought it was two years.
Walmart Brings Online Grocery Deliveries to Charlotte, NC
The retailer reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.04). Considering that the stock recent volume of 9127798 shares, this represents a pretty noteworthy trading in volume size.
McIlroy makes big statement on future despite Masters collapse
The gallery was clearly behind McIlroy, even though Reed led Augusta State to a pair of NCAA titles and briefly lived in Augusta . He started nine shots behind going into the final round, and was inches away on two shots from a chance at another green jacket.