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Porsche Boss Takes Over VW After Combative CEO Is Driven Out

  • Diess often clashed with unions and other stakeholders
  • Change risks unsettling investors in midst of Porsche IPO bid
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VW Outs CEO Diess, Porsche’s Blume Named Successor
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Volkswagen AG ousted Herbert Diess, the architect of the auto industry’s biggest electrification effort, after clashes with labor unions and execution issues left the chief executive without support of key stakeholders.