Deals
VW’s Top Brass Faces Up to the Obstacles
- Wolfgang Porsche denounces ‘fossilized structures’ at VW, Audi
- After imminent truck-IPO decision, next steps taking shape
A VW I.D. Buggy electric concept automobile at a Volkswagen event ahead of the 89th Geneva International Motor Show.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
Volkswagen AG’s drive to loosen up a famously bureaucratic decision-making apparatus will extend well beyond the potential IPO of its truck unit -- if the German manufacturer’s leadership has its way.
With a decision imminent on whether to sell a of a minority stake in Traton SE, Chief Financial Officer Frank Witter said moving ahead with it would be a good step and “an important sign” for VW.