You are here: Home » Reuters » News
Business Standard

Audi brand to be excluded from VW sportscar brand overhaul: source

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Volkswagen will pool management of all its sportscar brands except for Audi under a planned revamp designed to hike profitability, a VW supervisory board source said on Thursday.Volkswagen directors are meeting to discuss making VW brand chief Herbert Diess Chief Executive and deliberating on the most far-reaching changes since industry scion Ferdinand Piech built the multi-brand empire, the sources told Reuters.Volkswagen's supervisory board wants to reorganise the way passenger car brands, trucks and buses are grouped, in a bid to increase its development and ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, April 12 2018. 22:48 IST
RECOMMENDED FOR YOU