B · Normal
[Volkswagen Group CFO: Sales and operating return rate in the first three quarters was 3.8%, confirming a comprehensive cost reduction plan with a scale of approximately 31 billion euros] On October 29, Volkswagen Group CFO Arno Antlitz stated in the Q3 financial report that in the first three quarters, the sales and operating return rate excluding special items was 3.8%. This level is not enough to support us to continue to increase investment in the future. Through future plans, we have identified core measures to sustainably improve profitability: streamlining the model matrix, simplifying the organizational structure, optimizing vehicle costs, reducing administrative expenses, improving factory efficiency, and accelerating technology research and development. The above measures together constitute a comprehensive cost reduction plan of approximately 31 billion euros. The most important thing now is to implement it quickly and resolutely. "
Big car news 🕐 2026-10-29 14:55

Related telegraphs

Comments

0/500
Captcha (click to refresh)
No comments yet