Mexican Media Brands
VW May Be Turned into 4 Holding Companies
Volkswagen Group plans to reorganize its 10 brands into four highly autonomous holding companies, sources tell Reuters and Handelsblatt.
Share
Volkswagen Group plans to reorganize its 10 brands into four highly autonomous holding companies, sources tell Reuters and Handelsblatt.
The reports say VW will create one company for its mass-market brands (SEAT, Skoda and VW), one for commercial trucks and two one headed by Audi and one headed by Porsche for premium brands.
The structure would reduce the power of the current management board. It also could eliminate as many as three management board positions, according to Bloomberg News. Among them is the top sales and marketing job currently held by board member Christian Klingler, who critics blame for the VW brand's weak sales performance in the U.S.
Analysts say the new structure should speed decision making on such matters as new models. Whether the move would meet the key objective of reducing operating costs is unclear.
RELATED CONTENT
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.
-
GM Seeks to Avert U.S. Plant Shutdowns Linked to Supplier Bankruptcy
General Motors Co. says it hopes to claim equipment and inventory from a bankrupt interior trim supplier to avoid being forced to idle all 19 of its U.S. assembly plants.
