Tag: Interview

Cost-cutting at VW is essential after ‘decades of structural issues,’ says CEO in interview

Nov 4, 2024

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by

mansi

in Business

Volkswagen’s upcoming cost-cutting measures are essential to address “decades of structural issues” within the German automaker, CEO Oliver Blume shared in an interview with Bild am Sonntag. “The sluggish market demand in Europe and substantially lower profits from China highlight long-standing structural challenges at VW,” Blume told the publication on Sunday. Volkswagen’s works council chief…