Stefan Nicola

Volkswagen AG is embarking on an unheard-of German restructuring in what amounts to comeuppance for having allowed issues at its namesake brand to fester for years.

(Bloomberg) -- Volkswagen AG is embarking on an unheard-of German restructuring in what amounts to comeuppance for having allowed issues at its namesake brand to fester for years.Most Read from BloombergInside NYC’s Playbook for Getting Federal Grant FundsThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking DistrictThe Tartarian CandidateA Courtyard Apartment Building Designed for Southwest SprawlBooming Cambridge Exposes England’s Widening Wealth GapThe manufacturer plans to clo

Volkswagen AG se está embarcando en una reestructuración sin precedentes, en cierta forma un castigo por no haber resuelto problemas de larga data en el fabricante alemán.

Northvolt’s cash crunch and local factories getting canceled undermine the region’s push to reduce reliance on Asia.

Batterie-Fabriken in Europa sollten ein Stützpfeiler der Bemühungen sein, die Wende zur E-Mobilität auf dem Kontinent voranzubringen — und Chinas Vorherrschaft bei Elektrofahrzeugen zu brechen.

BMW AG’s former Chief Financial Officer Nicolas Peter is set to replace Norbert Reithofer as the luxury-car maker’s chairman next year.

Continental AG Chief Financial Officer Olaf Schick will step down from his post next year to join carmaker Mercedes-Benz Group AG.

Continental AG Chief Financial Officer Olaf Schick will step down from his post next year to join carmaker Mercedes-Benz Group AG.

Volkswagen AG managers are facing hefty pay reductions in the coming years as part of an agreement with labor to make Europe’s biggest automaker more competitive.