Volkswagen Cuts Costs: Factory Closures and 60 Billion Euros in Savings
Volkswagen plans to cut costs by 20% across all brands by 2028, with potential factory closures aimed at achieving savings of up to 60 billion euros.
Automotive Industry: Volkswagen Lets the Next Cost-Cutting Hammer Swing
Volkswagen is under increasing pressure to implement more aggressive cost-cutting measures as it prepares for its upcoming annual press conference amid ongoing crises and challenges.
VW wants to improve profitability and plans extensive cuts
Volkswagen's CEO Oliver Blume has announced a major cost-cutting program aimed at reducing expenses by 20% across all brands by 2028.
Business Ticker: Volkswagen aims to cut costs by 20 percent by 2028
Volkswagen plans to reduce its costs by 20 percent by 2028, with potential factory closures on the table, as announced by CEO Oliver Blume and CFO Arno Antlitz.
Automaker in Crisis: Porsche Needs Corrections to the Corrections
Porsche's poor sales reveal that former CEO Oliver Blume's changes did not resolve the company's issues, necessitating further adjustments by his successor, Michael Leiters.
Porsche admits mistake: gasoline successor to Macan will return in 2028
Porsche's Oliver Blume acknowledged that replacing the gasoline Macan with an all-electric version was a misjudgment, as consumers now clearly demand options rather than a single ideology.
Oliver Blume, Global CEO of Volkswagen, EL MUNDO's 2025 Motor Protagonist Award
Oliver Blume, the global CEO of Volkswagen, received the prestigious Motor Protagonist Award from EL MUNDO in Madrid, acknowledging his leadership during challenging times in the auto industry.
Porsche admits mistake. Germans announced the return of the petrol Macan
Porsche's former CEO Oliver Blume acknowledged the strategic error of discontinuing the gasoline version of the popular Macan model.