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VW to replace CEO, sources say

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Volkswagen plans to replace its CEO, people familiar with the matter told Reuters.

According to the sources, the carmaker intends to boot Matthias Mueller in favor of Herbert Diess, the head of the core VW brand.

On Tuesday, VW officials said the company is considering a leadership change as part of a broader management overhaul. However, officials gave few details.

Read more from Reuters.

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