reuters.com

VW’s Turnaround Moves Ahead With Governance Streamlining Plan

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Sig2.35Sen+1.90Env0.00Soc-1.30Gov+1.70

Blume’s turnaround at Volkswagen targets a 9% operating margin by 2030, but results have been lower so far, with progress forecast toward 6.4%. The company also plans to streamline German governance so fewer decisions require supervisory board sign-off, potentially easing job cuts and further model culling. Investors responded positively, with shares up around 5%.

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