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Volkswagen's new CEO says to consider asset sales

Reuters  |  WOLFSBURG, Germany 

WOLFSBURG, (Reuters) - Volkswagen's new on Friday said he will consider asset sales and seeks to turn the multi-into a slimmed down company with strong brands.

Speaking at his first conference as at headquarters in Wolfsburg, Diess said he would look at the different assets in portfolio, which include Renk and MAN Diesel, and review whether keeping them makes sense.

"We will review all options," Diess said, adding that this could include investing in the businesses or pursuing a sale.

(Reporting by Andreas Cremer; Writing by Edward Taylor; Editing by Maria Sheahan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 14:50 IST
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