Pursuits
VW’s U.S. Leadership Vacuum May Disrupt Turnaround
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Volkswagen AG Chief Executive Officer Martin Winterkorn will explain today how he plans to return the U.S. unit to profit as it heads for an eighth annual loss. He’ll do so without a leader to oversee the turnaround.
The CEO hasn’t named a permanent successor to U.S. chief Stefan Jacoby almost a month after the VW veteran of 25 years stepped down. Jacoby’s exit coincides with the final phase of introducing a new Jetta compact, VW’s best-selling American model, and as VW prepares to open a factory in Tennessee and present the first car built exclusively for the U.S. market.