German stocks rise as Volkswagen approves restructuring; factory orders beat
German shares gained ground Friday morning after Volkswagen moved up sharply following board approval of a massive restructuring plan. Support also came from factory orders data showing stronger than expected growth in Germany.
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09:49:46 AM UTC
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By Caitlin McCabeVolkswagen shares are charging higher after the German automaker's supervisory board surprisingly approved CEO Oliver Blume's radical restructuring package-one that includes another 50,000 job cuts.The approval comes just two months after the often-fractious supervisory board rejec…
BRUSSELS (dpa-AFX) - German stocks gained some ground in positive territory Friday morning thanks largely to Volkswagen, which moved up sharply after the company's board approved a massive restructuring plan.
Data showing stronger than expected growth in Germany's factory orders contributed as well…