Herbert Diess, the Volkswagen CEO whose image had been tarnished in the fallout from the German automaker’s emissions-cheating scandal, is stepping down.

Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders.

BMW and Volkswagen have warned that Russia’s invasion of Ukraine is causing shortages of some vital components, forcing them to reduce vehicle production in Europe.

Luxury brands Audi and Porsche are fattening the bottom line at German automaker Volkswagen.

German carmaker Volkswagen has launched a five-year project on the small Greek island of Astypalea to test the adoption of electric vehicles in areas switching to sustainable energy generation.

FRANKFURT – The board of automaker Volkswagen has given CEO Herbert Diess a public show of support for his push into digital and electric cars after media reports Diess had clashed with the company's powerful labor representatives over issues including top personnel decisions. The board statement Monday made no mention of Diess' contract, which expires in April 2023. Workers hold an unusual amount of clout at Volkswagen, through requirements that worker representatives hold board seats and because the company's home state of Lower Saxony holds a stake in the company. The board said Diess, 62, and the board had a mandate “to organise the necessary reduction of staff” and that worker representatives and management would agree by the end of the first quarter next year on a plan to cut fixed costs by 5%. A new board post for technology would be filled by components chief Thomas Schmall, and Murat Aksel will take over group purchasing, a function he holds at the Volkswagen brand level.

DETROIT - Here's what you missed on Local 4 News at Noon (watch the episode above).Volkswagen CEO, chairman charged in emissions scandalVolkswagen CEO Herbert Diess and the company's chairman, Hans Dieter Ptsch, were charged by German prosecutors on Tuesday with stock market manipulation tied to the carmaker's diesel emissions scandal. Crews rescue seniors from fire that destroyed Detroit apartment complexCrews rushed in Monday to rescue residents of a three-story, 54-unit building senior apartment complex as it burned on Detroit's east side. Metro Detroit weather: When to expect the next rainfallWe will see a beautiful blend of sun and clouds today with no threat of any rain, and highs in the mid 70s. Brexit: UK Supreme Court rules suspension of Parliament was illegalIn a major blow to Prime Minister Boris Johnson, Britain's highest court ruled Tuesday that his decision to suspend Parliament for five weeks in the crucial countdown to the country's Brexit deadline was illegal. Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.

DETROIT - Here's what's coming up on Local 4 News at Noon:Volkswagen CEO, chairman charged in emissions scandalVolkswagen CEO Herbert Diess and the company's chairman, Hans Dieter Ptsch, were charged by German prosecutors on Tuesday with stock market manipulation tied to the carmaker's diesel emissions scandal. Crews rescue seniors from fire that destroyed Detroit apartment complexCrews rushed in Monday to rescue residents of a three-story, 54-unit building senior apartment complex as it burned on Detroit's east side. Metro Detroit weather: When to expect the next rainfallWe will see a beautiful blend of sun and clouds today with no threat of any rain, and highs in the mid 70s. Brexit: UK Supreme Court rules suspension of Parliament was illegalIn a major blow to Prime Minister Boris Johnson, Britain's highest court ruled Tuesday that his decision to suspend Parliament for five weeks in the crucial countdown to the country's Brexit deadline was illegal. Copyright 2019 by WDIV ClickOnDetroit - All rights reserved.

(CNN) - Volkswagen CEO Herbert Diess and the company's chairman, Hans Dieter Ptsch, were charged by German prosecutors on Tuesday with market manipulation tied to the carmaker's diesel emissions scandal. The two executives are accused of failing to disclose the huge financial risks of the diesel scandal to shareholders in a timely fashion. Martin Winterkorn, the former CEO of Volkswagen, was also charged by prosecutors. It's the latest fallout from Volkswagen's bombshell admission in 2015 that it had rigged millions of diesel cars worldwide to cheat on emissions tests, a scandal that has cost the company more than $30 billion. The-CNN-Wire & 2019 Cable News Network, Inc., a Time Warner Company.