Volkswagen (VWAGY) CEO Oliver Blume said the company’s restructuring process is underway and will continue even as its order backlog rises, Verena Sepp of Bloomberg reports, citing German newspaper Bild am Sonntag. Volkswagen is applying “clear manufacturing targets” to all of its plants, Blume told the newspaper.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VWAGY:
- Rivian Stock (RIVN): Uber’s $1.25B Deal “Positive Development Toward Building Traction”
- Volkswagen price target lowered to EUR 135 from EUR 139 at RBC Capital
- Volkswagen dealers file lawsuits against Scout Motors plans, WSJ says
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 8
- Volkswagen (OTC) (VWAGY) Q4 Earnings Cheat Sheet