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BERLIN, Sept 9 (Reuters) - The finance chiefs at Volkswagen's SEAT and VW brands are swapping roles as the auto group looks to inject fresh urgency into a cost-cutting drive at VW that has seen the brand contemplate unprecedented factory closures in Germany.
The company said on Monday that David Powels, chief financial officer (CFO) at Spanish-based subsidiary SEAT, would change positions with VW CFO Patrik Andreas Mayer, confirming an earlier report by Manager Magazin.
Powels will be responsible, "under even more difficult conditions", for designing a competitive cost base and improving synergies between the group's core brands, VW brand CEO Thomas Schaefer said in a statement.
These brands include Volkswagen Passenger Cars (VW), Skoda, SEAT/CUPRA and Volkswagen Commercial Vehicles.
Volkswagen said last week it was considering closing factories in Germany for the first time as it battles a shrinking European market and rising competition from China and elsewhere.
The company said on Monday that David Powels, chief financial officer (CFO) at Spanish-based subsidiary SEAT, would change positions with VW CFO Patrik Andreas Mayer, confirming an earlier report by Manager Magazin.
Powels will be responsible, "under even more difficult conditions", for designing a competitive cost base and improving synergies between the group's core brands, VW brand CEO Thomas Schaefer said in a statement.
These brands include Volkswagen Passenger Cars (VW), Skoda, SEAT/CUPRA and Volkswagen Commercial Vehicles.
Volkswagen said last week it was considering closing factories in Germany for the first time as it battles a shrinking European market and rising competition from China and elsewhere.