Volkswagen (VWAGY) CEO Oliver Blume is facing issues with its overhaul after failing to win initial backing from the supervisory board, Christoph Rauwald of Bloomberg reports. Blume’s plans for additional job cuts, plant closures in Germany, and a possible carve-out of the VW brand was rejected by 12 of the 19 supervisory board members. Without the board’s support, the prospects for this restructuring plan are uncertain.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
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