Volkswagen (VOWG_p.DE) isn't fraught to sell its trucks
business to boost money because it faces billions of euros in prices once
admitting to rigging emissions tests, management member Andreas Renschler told
a German newspaper.
"The operative results of the Volkswagen cluster ar
smart, despite everything. There will not be a hearth sale," Renschler,WHO additionally heads the trucks business at VW, was quoted
as oral communication in AN interview with the hot dog Allgemeine Sonntagszeitung (FAS) printed on Sunday.
VW employed ex-Daimler (DAIGn.DE) govt Renschler last year
to align its truckmaker MAN (MANG.DE) with its Swedish subsidiary Scania, and
carve out a worldwide business to raised vie with business leaders Gottlieb
Daimler and Volvo (VOLVb.ST).
Asked whether or not the new structure might mean that the
trucks business, currently separated from VW's coach operations, may be spun
off and floated on the exchange, Renschler told FAS: "Everything is
feasible, however as long as it makes strategic sense."
Renschler same true in South America,
particularly in Brazil,
was "extremely difficult" however that it absolutely was the correct
move to attend out the worsening and keep production getting in Brazil
till the economy recovers.
The market in Russia,
meanwhile, seems to possess copper-bottomed out, Renschler same, whereas the
yankee market is probably going to say no slightly and continent shows some
promise.
"And then we've got hopes for Islamic Republic of Iran,
of course, albeit there will not be quite the gold-rush atmosphere that some
predict," he added.
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