(Reuters) Volkswagen (VOWG_p.DE) senior managers agree with many of the criticisms made by British hedge fund TCI about the performance of Europe’s largest carmaker, according to a letter seen by Reuters.
In a letter sent by Volkswagen Chief Financial Officer Frank Witter on May 17, addressed to Sir Chris Hohn, Europe’s largest carmaker responded to criticism that it was in need of a performance hike and a new governance structure.
“The Volkswagen Group always welcomes constructive dialogue with its investors and we appreciate that you have taken the time to set out your views,” a copy of the letter, seen by Reuters said.
