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Volkswagen's supervisory board agreed on Tuesday evening to remove two seats from the carmaker's 12-person management board, three people familiar with the matter said on Wednesday, adding that a decision was not yet finalised.

The news comes a day ahead of a planned leadership change at Europe's largest carmaker that will see Porsche AG Chief Executive Oliver Blume also taking over as Volkswagen CEO from Herbert Diess.



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Volkswagen Begins Trimming Fat From Management Board

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