2023-05-09 07:00:00
German car giant Volkswagen announced on Monday the overhaul of the management of its subsidiary Cariad, responsible for coding the software for future electric and autonomous models. It has been accumulating difficulties since its inception.
Peter Bosch, current head of production for the luxury model brand Bentley, a subsidiary of Volkswagen, will take over the management of Cariad at the beginning of June, replacing Dirk Hilgenberg, according to a press release from the group to the ten brands.
Two former executives of Porsche, also owned by Volkswagen, also join the Cariad management board.
The boss of the German manufacturer, Oliver Blume, put the recovery of the software subsidiary at the heart of his priorities: “When I took office in September 2022, I stressed that Cariad is a key success factor for Volkswagen, at the heart of the electric and connected revolution initiated by the automotive industry” he recalled in a press release on Monday.
Cariad’s problems are linked to internal disagreements and work overload, which have led to delays in the development of software platforms and, consequently, for electric model launches at Porsche and Audi, also impacting Volkswagen’s ID electric model family.
Photo: Volkswagen
Volkswagen’s main competitors in electrics, the American Tesla and the Chinese BYD, were able to advance their pawns at the same time.
In addition to a change of management, Cariad will have an internal “transformation council” with the task of leading the “transformation and development of the cooperation between Cariad and the brands of the Volkswagen group”, explains Michael Steiner, member of the Cariad supervisory board, quoted in the press release.
Photo: Volkswagen
The setbacks of Cariad, an entity directly supervised by the former boss of Volkswagen Herbert Diess, were one of the major reasons for the latter’s hasty departure last summer.
Volkswagen, which meets its shareholders in a general meeting on Wednesday, gained 0.30% on the Frankfurt Stock Exchange on Monday.
See also: Antoine Joubert presents the Volkswagen ID.4
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