As Volkswagen AG is tossing around the idea of appointing its chief product strategist Matthias Mueller to run Porsche, its shares have risen to their highest level in five weeks.
This Bloomberg News report cited two insider sources who asserted that the transfer of Mueller would be part of a bigger reshuffling in which current Porsche CEO Michael Macht becomes the VW group’s production head. A merger between Volkswagen and Porsche is expected to be completed next year. Currently, the two companies are discussing their future model strategy.
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