Business News: Volkswagen CEO Matthias Müller set to unveil ‘Strategy 2025’


Hopes are high among analysts and investors of a major shake-up of the Volkswagen (VW) supervisory board, given that such a measure was imminent following its involvement in the recent emissions scandal. However, CEO Matthias Müller, who is set to announce his long-term vision for the company — dubbed Strategy 2025 — on Thursday (16 June), does not seem to have included any board changes in his plan.The focus of Müller’s long-term vision is expected to be on fixing the US cars affected by the emissions scandal, saving costs and increasing the company’s profitability.The German automaker had suffered a major setback after, in 2015, in emerged that its vehicles in the US were cheating emission levels with the help of defeat devices fitted by the company in its cars. The company admitted installing such software in up to 11 million diesel-powered vehicles worldwide.