VW said to be planning merger of components units, looking at asset sale
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London
VOLKSWAGEN AG plans to bundle the components businesses of its different brands to save costs and will review disposing of peripheral assets, according to people familiar with the matter, as part of a sweeping strategy review by chief executive officer Matthias Mueller as he seeks to navigate Europe's largest carmaker out of the emissions scandal.
VW's senior management presented a plan to the supervisory board on Tuesday and may announce the steps as part of a presentation on Thursday, said the people, who asked not to be identified because talks are private. Volkswagen officials declined to comment.
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