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VW overhauls board to speed up China, trucks

Volkswagen overhauled its management board to push growth in China and accelerate the integration of VW’s truck brands MAN and Scania, Europe’s largest car maker said on Saturaday.

Confirming, what sources had said earlier, VW said Jochem Heizmann would be responsible for China in the management board, replacing former CEO of parts-supplier Continental Karl-Thomas Neumann, who ran the business since September 2010.

Leif Oestling, Chief Executive of Swedish truck maker Scania, which is majority-owned by VW, like German rival MAN, is set to join the management board to push steps to forge a trucks alliance between Scania, MAN and VW’s commercial-vehicle unit.