Vw is looking at selling minority stakes in non-core businesses to streamline business processes and focus on its main passenger car brands.
　　Diss continues to push Volkswagen group to simplify its business
　　Volkswagen is reviewing the sale of a minority stake in its non-core business to streamline its business processes and focus on its major passenger car brands, according to people familiar with the matter, bloomberg reported.
　　Among the businesses under consideration for sale are MAN Energy Solutions inc., the people said. The company makes engines for ships and power plants, as well as turbochargers, turbo mechanical and chemical reactors and equipment. Vw has sounded out Cummins as a potential buyer.
　　Vw declined to comment on the report.
　　In September 2015, Volkswagen's "" diesel emissions scandal" "broke out, triggering the biggest crisis in the German industrial giant's history. The group, which has 12 brands, has since announced asset assessments, but no agreement has been reached.
　　The move follows a rejection by vw's Labour committee of plans to sell its Ducati motorcycle brand and a partial listing of Traton SE's heavy truck division that was shelved in March.
　　The power of trade unions is a force to be reckoned with at Volkswagen. The supervisory board of Volkswagen group is composed of 20 members from the bolscher family, the piech family, the lower Saxony government and the trade union. Even among the six-member presidium, unions hold two seats.
　　On the spin-off, vw's union said: "if the industry logic is sound and Labour disadvantages can be ruled out, we can discuss everything. In theory, this includes a merger, a partial sale, but it also includes an acquisition.
　　But vw's union declined to comment on the details of the rumored MAN Energy Solution sale and the divestitures and negotiations.
　　Frank Witter, vw's chief financial officer, told analysts last week that the company's management remained committed to exploring ways to unlock value and that a separate listing of the truck division remained "an expected outcome". He declined to elaborate on the next step or possible timeframe.
　　Since taking over as chief executive in April 2018, Herbert Diess has been pushing for a change that would make the world's largest carmaker more flexible and better able to respond to changing consumer tastes in car ownership. But his efforts to cut more jobs and improve efficiency have been opposed by the top labor representative.
　　Der spiegel had previously reported that Bernd Osterloh, the chairman of the Labour committee, had opposed vw's ambitious cost-cutting plans and said a stand-off could "paralyse the company for months" unless management made concessions on redundancy plans. Mr Osterloh blamed vw's management for high costs and low margins.
　　This article comes from: sina automobile (dongguan oneness filtration technology co., LTD.)