Volkswagen Cost-Cut Measures

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I=6, VW brand

Volkswagen CFO is cautious on the restructuring efforts

  • Volkswagen CFO Arno Antlitz cautioned that there is a risk of “complancency” as they implement the restructuring program announced last year.

    “We are not done yet. The real proof that we can perform the programme and implement it 100 per cent still hasn’t come,” Arno Antlitz told Financial Times.

    “There is a huge risk that once a programme like this delivers the first results, then complacency kicks in again.”

  • Volkswagen brand CEO Thomas Schäfer echoed Antlitz comments.

    “There is a lot of work to be done,” he said.