BUSINESSBLOOMBERG
VW’s Overhaul Puts Truckmaker Stake in Focus as Sell-Down Looms
Volkswagen AG is implementing cost cuts that are affecting truckmaker Traton SE. As a result, the German company is preparing to reduce its majority stake in the business, which is currently valued at €16.6 billion ($19.1 billion).
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Adjacent reporting
- Volkswagen sales plunge as German automaker lays out plan to slash number of brands
- Volkswagen will dramatically shrink its model lineup and factory footprint
- Volkswagen is reportedly planning to slash 100,000 jobs and close four German plants
- Volkswagen’s stock nears a 15-year low on reports of massive planned layoffs