Volkswagen CEO could be out in management shakeup

CNN/Stylemagazine.com Newswire | 4/10/2018, 8:45 a.m.

Volkswagen is considering a surprise management shakeup that could include replacing CEO Matthias Mueller.

Volkswagen CEO Matthias Mueller

Ivana Kottasová

(CNN Money) -- Volkswagen is considering a surprise management shakeup that could include replacing CEO Matthias Mueller.

The automaker said in a statement Tuesday that it was in discussions with top executives and members of its supervisory board that may result in changes to personnel.

Volkswagen said that Mueller had "showed his general willingness to contribute to the changes."

Mueller was made CEO in September 2015, at the height of the automaker's diesel emissions scandal. A veteran of the company, he had previously served as head of Porsche.

Shares in Volkswagen spiked nearly 3% in Frankfurt.