Volkswagen To Give More Power To US Division - Will This Put Them On The Right Track?

Volkswagen Group will give more power to brand managers and regional bosses, its labor leader said, as the company looks to address poor performance in markets such as the U.S. and Brazil.

Bernd Osterloh, head of the German automaker's works council, also said he expected CEO Martin Winterkorn to extend his contract by two years to 2018.

The VW Group, whose brands range from the upmarket Audi and Porsche to the cheaper Seat and Skoda, has expanded rapidly since Winterkorn took the helm in 2007, with profit almost doubling to 11.7 billion euros ($14.4 billion) in 2013

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MDarringer - 12/4/2014 7:38:36 PM

+1 Boost

If VW in the US can call ALL of the shots for the products they need and VWAG will make that happen, then YES.

Hell will freeze over first.

chewy - 12/6/2014 3:10:57 AM

+1 Boost

It would make sense, but all the stories about "Moonraker" from over 5 years ago doesn't seem to have evolved into a full understanding of the US market like the promise was.