Nokia Is Replacing VW In A Major European Stock Index, And That’s The Least Of VW’s Problems

Volkswagen’s cost-cutting plans could ultimately put up to 100,000 jobs at risk. CEO Oliver Blume wants annual production capacity slashed from 12 to 9 million. Lower Saxony’s 20% voting stake makes it a powerful ally for threatened plants. Volkswagen’s factory crisis is getting close to a boardroom brawl. Management reportedly faces a crucial vote on September 4 over its restructuring plans and could take the fight directly to shareholders if it loses. Meanwhile, VW has suffered another indignity, losing its place in Europe’s most important stock market index to Nokia. var adpushup = window.adpushup = window.adpushup || {que:[]}; adpushup.que.push(function() { if (adpushup.config.platform !== “DESKTOP”){ adpushup.triggerAd(“0f7e3106-c4d6-4db4-8135-c508879a76f8”); } else { adpushup.triggerAd(“82503191-e1d1-435a-874f-9c78a2a54a2f”); }…

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