VW's Diess says he'll remain CEO, dismisses fossil fuel phase-out

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VW's Diess says he'll remain CEO, dismisses fossil fuel phase-out
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Volkswagen's Herbert Diess said on Wednesday he was confident he would remain as chief executive into next year, dismissing speculation that he could be pushed aside.

Diess, who is facing disagreements with Volkswagen's works council over potential cuts, was asked at an online summit organised by German newspaper Handelsblatt whether he believed he would keep his post, to which he replied:"Yes, certainly".

Diess is due to meet later with works council head Daniela Cavallo, who last week heavily criticised his leadership and implementation of the company's strategy.

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