VW eyes sale of assets accounting for 20 percent of revenues - WSJ
Matthias Mueller told the Journal that a new team was working to sell businesses no longer considered critical.
The Volkswagen group last year generated just over 217 billion euros ($260 billion) in revenues.
Sources familiar with the matter told Reuters this month that Volkswagen had put the 1.5 billion-euro sale of Ducati motorcycles on hold after resistance from German trade unions and internal rifts on strategy.
Labour leaders at VW, who hold half the seats on the 20-member board, have strongly opposed a sale, regardless of price.
Mueller told the Journal that Volkswagen`s governance structure meant that the talks over Ducati would take time.
"The list (of asset disposals) has not been put away on the shelf. But we’re not going to let anyone tell us which decision to make," the paper quoted him as saying.
He also said that any talk of a possible merger with Fiat Chrysler Automobiles (FCA)
"We’re a big company and don’t have any interest in getting any more bloated. There has been a lot of speculation about FCA, which we’ve noted, but it is just speculation and nothing more," he said.
Fiat Chrysler Chief Executive Sergio Marchionne has previously wanted to merge with General Motors
($1 = 0.8333 euros)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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