Volkswagen AG is handing responsibility for managing regions to its different brands as part of a broader strategic overhaul to decentralize power at the automaker. <p>CEO Herbert Diess, who took over in April, has embarked on a shake-up of the corporate structure at the company to slim down VW and boost its brands.</p> <p>"We are spreading responsibility across several shoulders, we are making Volkswagen faster, leaner and more efficient," Diess said in a statement on Friday.</p>
Read Article