Volkswagen shares jump after board approves sweeping cost cuts
Volkswagen shares rose 6% on Friday after its board of directors approved sweeping cost cuts to confront challenges including Chinese competition and US tariffs, following CEO Oliver Blume’s push of the plan through the board.
Volkswagen shares rose 6% on Friday after its board of directors approved sweeping cost cuts aimed at confronting challenges including ferocious Chinese competition and US tariffs.Investors were cheered by CEO Oliver Blume’s success Thursday in pushing the streamlining effort through the board, whe…