Volkswagen has abandoned its decades-old obsession with empire building and no-e...
) has abandoned its decades-old obsession with empire building and no-expense-spared engineering to free up resources for the development and mass production of electric cars, its CEO Herbert Diess told Reuters.
While rivals such as FiatChrysler and Renault explore a $35 billion deal to bulk up, Volkswagen is taking the opposite approach: slimming down. Volkswagen grew into a multi-brand empire under the leadership of Ferdinand Piech, the company’s chief executive and chairman between 1993 and 2015, whose aggressive expansion resulted in the acquisition of Bentley, Bugatti and Lamborghini in a single year.
“The product experience needs to be right. But you need to keep an eye on cost. You cannot run the business by focusing only on product,” Diess told Reuters. Frank Witter, the company’s chief financial officer said he wants to raise profitability to help shoulder the emissions clampdown by slimming down, rather than bulking up the car and truck maker.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Viewsroom: Nissan’s car-crash CEOViewsroom podcast: Columnists discuss Hiroto Saikawa’s exit from Nissan and the implications for the carmaker’s alliance with Renault. Plus: Elliott Management seems to implicitly target AT&T boss Randall Stephenson.
Baca lebih lajut »
Oracle CEO Mark Hurd takes medical leave; first-quarter revenue missesOracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking ...
Baca lebih lajut »
Oracle co-CEO Hurd Taking Medical Leave From CompanyOracle says one of its chief executives, Mark Hurd, will take a medical leave from the company.
Baca lebih lajut »
Oracle CEO Mark Hurd to take leave on health groundsOracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking ...
Baca lebih lajut »
Oracle CEO Mark Hurd To Take Leave Of Absence For Health Reasons
Baca lebih lajut »
Oracle CEO Mark Hurd taking a medical leave of absenceOracle has announced that one of its top executives will take a leave of absence for health related reasons
Baca lebih lajut »