Volkswagens incoming CEO Oliver Blume plans to shrink the size of the German carmaker's management board, two people familiar with the matter said, aiming to sharpen its focus after a turbulent few years under his predecessor.

The sources said the number of board seats could be cut to eight or nine, after they had swelled to 12 under Herbert Diess, although no decisions have been made yet.

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New Volkswagen CEO To Downsize The Board Of Directors

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