VW CEO Herbert Diess stepping down, Porsche’s Blume stepping in

Volkswagen AG CEO Herbert Diess is stepping down as of Sept. 1, and Porsche CEO Oliver Blume will assume the role, the company announced in a press release on Friday. Diess will also leave his role as VW AG’s Chairman of the Group Board of Management. Blume will remain CEO of Porsche and also take on the VW AG Chairman role as well. The company’s…