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  4. Volkswagen to Slash Management Board Seats - Report
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Volkswagen to Slash Management Board Seats - Report

By Scott Kanowsky AiVIF.com -- Volkswagen AG's (ETR:VOWG) supervisory board has agreed to make cuts to the size of the German carmaking giant's management board, Reuters...
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Volkswagen to Slash Management Board Seats - Report © Reuters.

By Scott Kanowsky

AiVIF.com -- Volkswagen AG's (ETR:VOWG) supervisory board has agreed to make cuts to the size of the German carmaking giant's management board, Reuters reported on Wednesday, citing three people familiar with the matter.

The move would see the number of total seats reduced to nine from 12, one of the people said. The positions charged with handling procurement and sales would also be removed.

VW's supervisory board discussed the reshuffle in a Tuesday evening meeting, but has yet to make a final decision, according to the sources.

The company declined to comment.

VW is mulling the shake-up in the wake of the departure of former head Herbert Diess, who was ousted from the firm in July by union leaders and shareholders. The management board has grown to a size of twelve during his tenure.

Reuters has reported that Diess' replacement, Porsche chief executive Oliver Blume, is targeting a restructuring of the make-up of the group's management board as one of his first objectives at the helm of company.

Blume, who will also remain the chief executive officer of the VW-owned Porsche brand, is set to take over from Diess on September 1.

Shares in VW were trading lower on Wednesday.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (3)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.2475

-0.0015 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

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USD/CAD

1.3780

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

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EUR/JPY

168.32

+0.10 (+0.06%)

Summary

↑ Buy

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

-7.10 (-0.31%)

Summary

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Moving Avg:

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Sell (12)

Indicators:

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Sell (9)

Silver Futures

26.677

+0.023 (+0.09%)

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Copper Futures

4.5305

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81.14

-0.79 (-0.96%)

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Brent Oil Futures

85.62

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US Coffee C Futures

213.73

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Euro Stoxx 50

4,920.55

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S&P 500

5,035.69

-80.48 (-1.57%)

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DAX

17,921.95

-196.37 (-1.08%)

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FTSE 100

8,144.13

-2.90 (-0.04%)

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Hang Seng

17,763.03

+16.12 (+0.09%)

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Sell (6)

US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

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49.155

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Bayer AG NA

27.35

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Allianz SE VNA O.N.

266.60

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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Cập nhật 01-05-2024 10:45:19
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RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
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Dầu hỏa 2-K20.68021.090
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$ Tỷ giá Vietcombank
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EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
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