VW’s New Chief Vows to Accelerate Current Strategy

Mony
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WOLFSBURG, Germany—A day after being elevated to the top job at Volkswagen AG, Chief Executive Herbert Diess pledged to accelerate the pace of change at the company.

Mr. Diess succeeds Matthias Müller, a veteran Volkswagen executive who had been steering the company out of the diesel emissions-cheating crisis since 2015. Mr. Müller gained plaudits for returning the company to profits and pushing up its share price, but he fell out with Volkswagen’s powerful family shareholders who felt that momentum had slowed.

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