MUNICH – Volkswagen Group's languishing share price, which is near a three-and-a-half year low, is not the result of ownership control by the Porsche and Piech families, Wolfgang Porsche, one of its most powerful members said.
MUNICH – Volkswagen Group's languishing share price, which is near a three-and-a-half year low, is not the result of ownership control by the Porsche and Piech families, Wolfgang Porsche, one of its most powerful members said.
The sweeping belt-tightening effort will involve hundreds of job cuts in the U.S. and factory consolidation in Mexico.