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Volkswagen components business to become independent entity

Published 07/02/2018, 09:48 AM
Updated 07/02/2018, 09:50 AM
© Reuters. FILE PHOTO: Logo of Volkswagen is seen at their plant in Wolfsburg
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FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p) said its components development and manufacturing business would become an independent entity within the group from January 2019, alongside the VW Passenger Cars business and Volkswagen Commercial Vehicles.

© Reuters. FILE PHOTO: Logo of Volkswagen is seen at their plant in Wolfsburg

It said the goal of its reorganization was to prepare the components business for the challenges of electric mobility.

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