Volkswagen Group, the German automotive giant, has announced plans to cut its expenditures by up to 20% by the end of 2028, as indicated by media reports. This strategy aims to restore sustainable profitability for the company, which has been facing mounting market challenges. The CEO, Oliver Blume, and CFO, Arno Antlitz, presented an extensive cost-saving plan to senior management during a closed meeting in Berlin in mid-January.