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Volkswagen AG is handing responsibility for managing regions to its different brands as part of a broader strategic overhaul to decentralize power at the automaker.

<p>CEO Herbert Diess, who took over in April, has embarked on a shake-up of the corporate structure at the company to slim down VW and boost its brands.</p> <p>&quot;We are spreading responsibility across several shoulders, we are making Volkswagen faster, leaner and more efficient,&quot; Diess said in a statement on Friday.</p>

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Volkswagen Ends Authoritative Rule - Hands Control To Brands

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