BERLIN Volkswagen AGs efforts to cut costs amid mounting burdens of its emissions-cheating scandal face a new roadblock, as core shareholders and labor representatives meet for an extraordinary shareholders meeting on Friday to try to break an impasse over restructuring.
Chief Executive Matthias Müller, who took command a year ago following reports that the car maker had installed illegal emissions software in some models, is trying to realign the companys businesses. He aims to slash costs and boost profits by scrapping unprofitable models, cutting thousands of jobs and shrinking the companys massive capital …
Read the full article at: http://www.wsj.com/articles/volkswagen-seeks-to-break-impasse-over-restructuring-plans-1478181861