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German auto giant Volkswagen unveiled a plan Wednesday to more than double its flagship VW brand's return on sales and increase earnings by around 10 billion euros ($10.8 billion) by 2026.
VW brand will streamline its lineup to focus on volume models and share more production with other group brands to boost profitability.
BERLIN :Volkswagen's passenger car brand will implement savings and cost-cutting measures amounting to 10 billion euros ($10.83 billion) by 2026 to hit a return on sales target of 6.5 per cent, a spokesperson said on Wednesday.Chief Financial Officer Arno Antlitz posted on LinkedIn earlier on Wednesday that t
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Handelsblatt business daily first reported the plans, saying they involved cost savings and were designed to increase annual results by at least 3 billion euros
German carmaker Volkswagen plans to overhaul its core brand to increase efficiency and returns, according to an internal memo from VW brand chief Thomas Schaefer seen by Reuters on Wednesday. ... | May 17, 2023