BUSINESSWTOP DC
Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
Volkswagen CEO Oliver Blume aims to avoid plant closures while cutting costs, with the company announcing a streamlined model lineup and a 20% reduction in German factory costs last year. The automaker faces competition in the Chinese market and is in the next phase of a three-year realignment.
Mentioned
Related Signal
Adjacent reporting
- Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
- Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
- Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
- Volkswagen will dramatically shrink its model lineup and factory footprint
- Chinese Cars Stall Stellantis’s Big South African Factory