02-11-2016 23:08 via news.yahoo.com

VW board to discuss brand overhaul on November 4: sources

Volkswagen's supervisory board will hold an extraordinary meeting on Friday, Nov. 4, to consult on a wide-ranging restructuring of the carmaker, two sources close to the board told Reuters on Wednesday. Management and labour leaders are seeking to agree on cost cuts and investments that will form part of the German carmaker's efforts to revive its fortunes more than a year after the diesel emissions scandal broke. Two weeks before the supervisory board is scheduled to ratify spending plans for t
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