Avoidance tactics damage not just VW, but German economy

Discussion in 'Market News' started by Lily, Jun 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Shareholders have sniffed another wheeze to avoid proper boardroom reform with plan to make more electric cars

    It’s the “biggest change process in Volkswagen’s history”, says VW’s chief executive, Matthias Müller. The company wants to make more electric and self-driving cars and take a slug out of its cost base. This may be big news in Wolfsburg but, as far as VW’s sensible shareholders are concerned, the plan is an elaborate attempt to avoid proper reform in the boardroom.

    Related: Volkswagen's handling of emissions scandal a shambles, say investors

    Related: 1,200 business leaders back remain in EU referendum vote

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