Wolfsburg. VW is doomed to save in the corona crisis. That’s not new. But now there are explosive statements VWBosses to light. Herbert Diess apparently wants to take drastic austerity measures at Volkswagen.
According to the trade magazine “Automobilwoche”, the goal is the strictest free hygiene. Diess intended to do so in a speech VW-According to participants, top managers clarified on Thursday.
Corona crisis: VW turns every cent over
Every issue must be justified. “We have to cut research and development expenditure, investments and fixed costs significantly compared to the previous planning status”, Diess said.
VW boss Diess expects red numbers
The Group’s net liquidity will “continue to decrease at least until July due to weak demand”. Diess believes that “Automobilwoche” does not believe that all VW brands will achieve a positive annual result this year.
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According to the report, the main brand VW passenger cars will cut its material overheads by 20 percent. In addition to product shifts, Volkswagen Boss Diess also have a high-pressure check to see whether and which models could be completely eliminated in the future.
VW has not yet published a statement on the report. (ck)
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