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VW's new CEO asserts authority as sets out on road to reform

Reuters  |  WOLFSBURG/BERLIN, Germany 

By Andreas Cremer and Maria SheahanWOLFSBURG/BERLIN, Germany (Reuters) - Volkswagen's new Chief Executive Herbert Diess embarked on the most far-reaching shake-up in the carmaker's history on Friday, seeking to unite a company whose feuding factions have often slowed reform.Diess answered questions at VW group headquarters in the German town of Wolfsburg, saying he will pool the company's 12 brands into three automotive groups and a truck business, while signalling that some businesses may be sold."This is an evolution and not a revolution," Diess, 59, told journalists, carefully understating ...

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First Published: Fri, April 13 2018. 18:24 IST