Volkswagen considers options for transmissions maker Renk - sources

Newswire

FRANKFURT, July 17 (Reuters) - Volkswagen is considering options for transmissions maker Renk as Europe's largest carmaker streamlines operations to help fund a strategic overhaul following its emissions scandal, people close to the matter said. The company is working with Citi on deciding on the future of the asset, which may result in a sale of the maker of transmissions and bearings which are used from ships to wind turbines, they said. If a formal decision ...

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