Frankfurt — Volkswagen’s (VW’s) supervisory board disarmed a conflict that has been brewing for weeks between its CEO and key stakeholders, giving Herbert Diess a clear endorsement while granting some concessions to labour leaders.

In addition to throwing its full support behind Diess, who’s been agitating for a more comprehensive overhaul of the carmaker, the board named Audi finance chief Arno Antlitz the new CFO of the group. Murat Aksel, who used to work with Diess at BMW, also will become purchasing chief, according to a statement...

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