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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Bayerische Motoren Werke AG | TG:BMW | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.50 | 0.49% | 103.05 | 102.85 | 103.20 | 103.25 | 101.95 | 102.35 | 37,586 | 22:50:02 |
From May 2019 to May 2024
By William Boston
FRANKFURT-- Volkswagen AG has poached a senior BMW executive in a reshuffle of senior management aimed at bolstering the German car maker's namesake VW brand which is struggling with weak profits and falling sales in major markets.
Volkswagen has appointed Herbert Diess, currently head of development at rival BMW, to take over as head of the VW brand on October 1, 2015.
Mr. Diess will replace Martin Winterkorn, Chief Executive of the Volkswagen group, who is giving up responsibility for running the VW brand, marking a turnaround in VW's management strategy.
"This step puts the executive management of both the group and the brand on an even broader footing," Mr. Winterkorn said in a statement.
Volkswagen shares were trading nearly 1% lower at EUR184.70 on the Frankfurt Stock Exchange after the announcement.
Write to William Boston at william.boston@wsj.com
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Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0005190003
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Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0007664005
Access Investor Kit for Volkswagen AG
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Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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