Volkswagen will announce later on Monday the removal of leadership at its troubled software arm Cariad and the appointment of Bentley production chief Peter Bosch to take the unit's helm, two sources close to the company said.
The German automaker is preparing an official statement for the afternoon with details of how Cariad, dogged by missed deadlines and overspending, will be reshuffled, the sources said, declining to be named.
Volkswagen is set to dismiss all but one of the unit's current executive board members, with only human resources head Rainer Zugehoer to remain.
Bosch will also take over financial management at Cariad, the sources said, confirming an earlier report by Handelsblatt.
Thomas Guenther, currently a senior vice president at Cariad, will join the board in a technology role, they added, as first reported by Manager Magazin.