Volkswagen Management Shake-Up May Be Just What the Doctor Ordered, EUR 221 FVE Unchanged
No-moat-rated Volkswagen has announced sweeping management changes meant to accelerate cost savings and technological development, and which could potentially open the door to at least a partial public offering of its heavy truck business. Dr. Herbert Diess, a former BMW executive, will be the new group CEO. Volkswagen took the added measure of reorganizing into six operating groups including volume, premium, super-premium, China, heavy truck, and financial services. The 4-star-rated shares of V...
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