Volkswagen AG is shifting away from its era of empire building with plans to bundle its fragmented components businesses and review its portfolio for possible asset sales.
To navigate the company out of the emissions-cheating scandal, the biggest crisis in its history, CEO Matthias Mueller is undertaking a sweeping strategy review that includes backing off a focus on growth at all costs, shifting the company into car-sharing and stepping up electric-vehicle development. The portfolio review will assess Volkswagen’s 12 brands as well as side businesses such as ship engines, while components manufacturing across the group will be folded into one entity, according to people familiar with the matter.
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