Job Layoffs

With new CEO, VW shifts focus from scandal to future tech

Volkswagen's new CEO said Friday that the automaker must "significantly step up the pace" as it pushes into electric and self-driving vehicle technologies and shakes up its culture in the wake of a scandal over diesel emissions.

Herbert Diess said a new management structure bundling the company's dozen brands in just three divisions would mean faster decisions as the company implements a broad strategy aimed at keeping up with changes in how people use cars.

The 59-year-old Diess was named Thursday as the German automaker's new boss, replacing longtime insider Matthias Mueller. Diess came to Volkswagen only two years ago from competitor BMW and takes over with a...

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