Volkswagen announces Herbert Diess as new CEO

Former brand manager will oversee efforts to restructure and slim down carmaker after the diesel emissions scandal
Volkswagen has said that Herbert Diess will take over from Matthias Müller as its chief executive, adding fresh impetus to its efforts to slim down and reorganise the way its 12 brands are managed.On Thursday, the carmaker said it planned to create six new business areas and a special portfolio for China, its largest market, and split its brands into three new vehicle groups wi