Volkswagen to be revamped into four holding companies: sources

BERLIN/FRANKFURT (Reuters) - Volkswagen's (VOWG_p.DE) corporate structure will be overhauled into a decentralized system with four holding companies in a bid to boost profits at Europe's largest carmarker, three VW sources said on Monday. VW's top management may cede power by setting up the holding companies: one for mass market car brands, one for trucks and two divisions for premium brands, with one to be headed by Audi and other by Porsche, three company sources told Reuters. Former BMW (BMWG.DE) manager Herbert Diess may run the holding company for mass market brands, which will include VW, Skoda and Seat passenger cars, when he takes office on July 1, the sources said.

Volkswagen to be revamped into four holding companies: sources source: http://finance.yahoo.com/news/volkswagen-revamped-four-holding-companies-145314671.html