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The Economic Times

Economy / The Economic Times

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Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs

Volkswagen's CEO is pursuing cost cuts to improve automaker performance. He aims to avoid closing German plants while streamlining the model lineup. Factory costs in Germany have already seen significant reductions. The company acknowledges its products are popular but earn insufficient profits. Further reductions across all cost areas are now being pursued.

12 Jul 2026 1:51 pm