As part of efforts to turn the multi-brand conglomerate into a slimmed down company with strong brands, the Volkswagen’s new Chief Executive Herbert Diess says he will consider asset sale to re-position the company.
Diess made the disclosure at his first news conference as chief executive at VW’s headquarters in Wolfsburg, Germany, on Friday.
He said he would look at the different assets in VW’s portfolio which included Renk and MAN Diesel, and review whether keeping them made sense.
“We will review all options,” Diess said, adding that this could include investing in the businesses or pursuing a sale.(Reuters/NAN)
