cost-cutting program
Coverage of cost-cutting program in the Nexus archive.
- Volkswagen’s CEO suggests ‘more intelligent solutions than closing plants’ amid turnaround effort and touts cost cuts
Volkswagen’s CEO Oliver Blume emphasized avoiding plant closures and achieving cost reductions, particularly in Germany, as part of the company’s turnaround strategy. He highlighted a 20% improvement in factory costs in Germany last year and announced plans to streamline the model lineup by up to half, though specifics remain unclear.
- 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.
- 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, citing a 20% reduction in German factory costs last year. The automaker is streamlining its model lineup by up to half as part of a realignment plan amid competition in China.
- Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
Volkswagen CEO Oliver Blume is seeking to avoid plant closures in Germany while implementing cost-cutting measures to improve the automaker's performance. The company announced plans to streamline its model lineup by up to half and reported a 20% reduction in factory costs in Germany last year.