Volkswagen has come a long way since its emissions scandal. But investors might benefit from tempering their recent enthusiasm.
Investors have high hopes for the German car manufacturer, particularly since it appointed a new boss last week. Chief Executive Herbert Diess pledged to continue the reform program initiated by his predecessor Matthias Müller, who took the top job in the wake of the 2015 diesel-engine scandal—only faster. A business unit reorganization is supposed to help speed up decision making.
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