Salem Radio Network News Saturday, July 31, 2021

Business

Volkswagen boss Diess gets contract extension

FRANKFURT (Reuters) – Volkswagen Chief Executive Herbert Diess on Friday received a contract extension under which he will lead Europe’s carmaker until October 2025, the group said, a victory made possible by the recent departure of works council head Bernd Osterloh.

(Reporting by Christoph Steitz; Editing by Tom Sims)

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