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Volkswagen Stock Price Will Drop in 2016 Despite Major Board Changes
Volkswagen AG (OTCMKTS: VLKAY) made some drastic changes to its senior management team today (Thursday), and the Volkswagen stock price is up 0.4% on the news.
The embattled German automaker announced it reduced the number of managers directly reporting to CEO Matthias Muller by almost half. It also added five new members to his executive team.
But these executive changes won't be enough to lift the Volkswagen stock price through 2016...
Volkswagen AG (OTCMKTS: VLKAY) made some drastic changes to its senior management team today (Thursday), and the Volkswagen stock price is up 0.4% on the news.
The embattled German automaker announced it reduced the number of managers directly reporting to CEO Matthias Muller by almost half. It also added five new members to his executive team.
But these executive changes won't be enough to lift the Volkswagen stock price through 2016...