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Deutsche Bank said on Thursday it had nominated Volkswagen’s retiring finance chief Frank Witter to its supervisory board, coming at a time that the lender is attempting to boost its
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Volkswagen’s supervisory board on Monday said CEO Herbert Diess had its complete support as he leads a new executive team to transform the German automaker but stopped short of bringing
Volkswagen needs to modify to stay relevant in the electric and digital vehicle era and will announce “important steps” to that end before the end of the year, CEO Herbert
Volkswagen on Thursday moved to turn down rumours that CEO Herbert Diess had been sidelined by issuing an unsolicited declaration of support, after clashes with the company’s labor leaders who
Volkswagen expects a very unfavorable second quarter, but also sees a positive adjusted operating profit before special items for this year, Chief Financial Officer Frank Witter stated in an internal
Volkswagen finance chief Frank Witter will quit the German automaker in the summer of 2021, German business publication Manager Magazin reported on Thursday. Witter has refused to extend his contract
Volkswagen slashed its forecasts for operating profit and sales expansion on Monday because of a slump in demand for passenger cars, while keeping profit margin targets. “It is fair to
Volkswagen stated it has set aside 5.5 billion euros ($6.16 billion) in contingent liabilities to cover possible dangers emerging from a diesel cheating scandal, chief financial officer Frank Witter stated
Volkswagen Chief Financial Officer Frank Witter on Tuesday stated the automaker was open to deeper alliances with outside companies, generally in the area of autonomous driving, where Google’s Waymo is
Volkswagen group’s second-quarter operating profit should compare with 2017’s level of 4.55 billion euros ($5.54 billion) at least, finance chief Frank Witter stated. Underlying profit in the April-to-June period should
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