Image: APA/AFP/JOHN MACDOUGALL
“We plan to achieve an effect of more than ten billion euros for the group in 2024 through our brands’ performance programs,” said CEO Oliver Blume to the Frankfurter Allgemeine Zeitung.
Efficiency gains would not have a one-to-one impact on the result. But they would help offset expected burdens next year. Blume: “2024 will be a very challenging year economically.” Above all, the core brand VW Passenger Cars is the Wolfsburg-based company’s problem child. It is expected to generate a total of ten billion euros in earnings by 2026 and then increase the return on sales to 6.5 percent. This will not work without staff cuts, said Blume.
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