VW investors are bracing for some key dieselgate decisions later this month, but worry that labor unions are trying to undermine a key executive's ability to transform the company's lagging profitability
Meanwhile, reports in Germany suggest the ruling coalition of unions and local politicians which control the VW supervisory board are trying to undermine VW brand chief Herbert Diess. Diess is perhaps investors’ last great hope that one day VW will stop being a company that exists to protect jobs, boost worker welfare and keep inefficient plants open, and turn into one where, like most normal companies, the bottom line rules.
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