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VW targets more savings to keep up with competition
Mint Kolkata
|March 11, 2026
Volkswagen AG (VW) is gearing up for more cost cuts to respond to competition led by China, with Europe's biggest carmaker expecting to come under more pressure in its mainstay region.
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Volkswagen's chief executive officer Oliver Blume.
(BLOOMBERG)
Volkswagen AG (VW) is gearing up for more cost cuts to respond to competition led by China, with Europe's biggest carmaker expecting to come under more pressure in its mainstay region.
The manufacturer, also citing tariffs and spending on electric vehicles as a drag on its business, sees an operating return this year of as low as 4%. Extra savings will come on top of plans to shed some 50,000 jobs by the end of the decade.
“We are facing trade policy barriers, completely changed markets, different regulatory systems,” chief executive officer Oliver Blume said on a media call. “The business model that has supported us for decades in the Volkswagen Group is not tenable anymore.”
Cette histoire est tirée de l'édition March 11, 2026 de Mint Kolkata.
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