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Global Business News

The Economic Times

Global Business / The Economic Times

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Volkswagen owners urge urgent action to cut costs, fend off China rivals

Volkswagen's controlling families are urging management to act now. They emphasize the company's historic crossroads and need for sustainable competitiveness. Excess capacity must be reduced and costs significantly lowered. Decision-making processes need strengthening to address growing problems. This comes as Porsche SE reported a drop in its adjusted half-year earnings.

7 Aug 2026 1:00 pm