Dossier
fundamental realignment
Coverage of fundamental realignment in the Nexus archive.
- 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.