Volkswagen’s supervisory board defuse leadership crisis

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Volkswagen’s supervisory board will meet in an effort to defuse a leadership crisis after Chief Executive Herbert Diess continues to insist on a contract extension, Handelsblatt said, citing company sources.

VW’s supervisory board was due to discuss a reshuffle of the company’s management board on Thursday, two people familiar with the matter, as the world’s largest carmaker seeks to defuse a leadership crisis.