|
Diess and the German automaker's powerful union representatives
have clashed in recent weeks over his management style and
electrification strategy, after he warned jobs could be lost if
the process was not managed well.
"This topic is so hot, it is on a knife-edge. I can't say
anything further," said one source, who declined to be named due
to the sensitivity of the matter.
"As expected, there is nothing new," a second source said.
Sources told Reuters on Tuesday the supervisory board's
eight-person executive committee would likely need more time to
find a compromise that would satisfy all parties.
The ongoing uncertainty over leadership and strategy at Europe's
largest carmaker has left its stock performance trailing behind
competitors in the past six months.
Its shares are down 18% since May, compared with an 11% rise at
BMW and Stellantis, a 55% increase at Ford, and an 83% jump at
Tesla, whose success Diess has frequently raised as a sign of
why Volkswagen must transform more quickly towards
electrification.
An agreement on the committee - which includes works council
head Daniela Cavallo and representatives for the majority
shareholder Porsche and Piech families - could depend on whether
Diess agrees to change his management style, the sources said.
Sources close to negotiations said a resolution would likely
come as part of a package including the announcement of new
board members, details on job prospects for employees, and
investment plans for the group, Reuters reported on Monday.
(Reporting by Jan Schwartz Writing by Victoria Waldersee;
Editing by Mark Potter)
[© 2021 Thomson Reuters. All rights
reserved.] Copyright 2021 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
