PRAGUE (Reuters) - Volkswagen’s Czech carmaker Skoda Auto named VW’s South Africa boss Thomas Schaefer as its new chairman on Monday as part of a wider shake-up at the German...
“In times of extreme market volatility (and corrections), it is often unnecessary for investors to look far down the quality curve to find attractive opportunities that will generate significant returns in future. This is oftentimes the correct strategy as those economic uncertainties causing market volatility can have far more dire consequences for lower-quality businesses,” writes Stephán Engelbrecht, Fund Management.
At the ongoing World Economic Forum Annual Meeting in Davos, CNBC International had a conversation with CEO of Volkswagen (VW), Herbert Diess on their current performance and future plans.
This week in the headlines in Rwanda, the VW’s launched the electric car, Moreover the first East and Central Africa Mining Forum took place here in the country and the Hong Kong Trade Development Council and Rwanda’s Private Sector Federation hosted the Hong Kong trade and investment seminar. TV and Multimedia Editor at The New Times, Olivia Ikilezi joins CNBC Africa for more on the news that made headlines in Rwanda this week.
The arrest and court appearance come as VW nears a $3 billion plus - and potentially $4 billion - settlement.