Volkswagen looks for ways to cut costs without shutting down factories

12:47 - 13.07.2026


July 13, Fineko/abc.az. Volkswagen CEO Oliver Blume stated that the concern can reduce costs without resorting to stopping production in Germany, noting the presence of "more reasonable solutions".

At the same time, company's financial situation remains tense: 66% of top managers consider it threatening. Despite a 20% decrease in production costs on German sites over the past year, the company is still not achieving the necessary level of profitability, and cost-cutting measures will continue.