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Volkswagen plans to cut costs by 20% by end 2028, Manager Magazin reports
Volkswagen aims to cut costs by 20% across all brands by 2028, responding to slow sales and competitive pressures with potential plant closures.
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42 Articles
42 Articles
Volkswagen plans to cut costs by 20% by end 2028, Manager Magazin reports
Volkswagen plans to cut costs by 20% across all brands by the end of 2028, Manager Magazin reported on Monday, as the German automaker looks to shore up its finances to counter the impact of higher costs, a tough Chinese market and U.S. tariffs.
·United Kingdom
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According to a media report, VW wants to significantly reduce costs by 2028. What is behind the planned 60 billion euro savings program and how the works council stands about it.
·Düsseldorf, Germany
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According to a media report, the Volkswagen Group is planning a new austerity program.
·Germany
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Total News Sources42
Leaning Left2Leaning Right7Center7Last UpdatedBias Distribution44% Center, 44% Right
Bias Distribution
- 44% of the sources are Center, 44% of the sources lean Right
44% Right
12%
C 44%
R 44%
Factuality
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