VW and Jaguar plan major overhauls

Volkswagen’s (VW) new chief executive Herbert Diess said he will consider asset sales and seeks to turn the multi-brand conglomerate into a slimmed down company with strong brands.

Speaking at his first news conference as chief executive at VW’s headquarters in Wolfsburg, Mr Diess said he would look at the different assets in VW’s portfolio, which includes Renk and MAN Diesel, and review whether keeping them makes sense.