VW Board Backs CEO's Electric-Car Focus
Updated Dec. 15, 2020 1:05 pm ET BERLINâ Volkswagen AG shares rose nearly 8% on Tuesday after the car makerâs top shareholders and union leaders publicly backed Chief Executive Herbert Diessâs strategy to refocus the company on electric vehicles. The action by the companyâs directors late Monday, including confirming several top appointments by Mr. Diess, put an end to weeks of internal wrangling over the pace of change at the worldâs biggest auto maker by sales. The CEOâs push to accelerate the shift to electric cars and quickly fill empty executive pos...
Source: wsj.com