VW Chief Pledges Faster Streamlining to Speed Decisions
- ‘All options open’ as carmaker reviews assets, CEO Diess says
- Manufacturer intends to keep control of truck unit: chairman
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Volkswagen AG’s new top manager pledged to speed up the German carmaking giant’s decision-making as it confronts a seismic industry change in technology while moving beyond its diesel-emissions scandal.
Volkswagen will streamline into a more compact structure, and it’s keeping “all options open” as it reviews which businesses to keep, Chief Executive Officer Herbert Diess told reporters Friday at company headquarters in Wolfsburg. The manufacturer will create a chief operating officer post to alleviate the CEO’s workload, Chairman Hans-Dieter Poetsch said.