Status: October 13, 2015 12:13 p.m..
Because of the emissions scandal, Volkswagen threatens to lose billions, and the core brand VW is now making drastic savings: Investments are to be cut by one billion euros per year. Nevertheless, when it comes to drive technologies, they want to be more innovative.
In view of the scandal involving manipulated exhaust gas values, the Volkswagen Group is tightening its savings program and is drastically reducing investments. They are to be cut by one billion euros a year compared to the previous plan.
Realignment of the model policy.
VW brand boss Diess wants to realign the model policy – and has to save.
At the same time, VW brand boss Herbert Diess announced a realignment of the model policy. This is intended to bring more electric cars and vehicles with plug-in hybrid drives onto the market. The Group’s modular system is now also being used for electric cars. “We are becoming more efficient, realigning the product range and core technologies and creating the scope for future-oriented technologies with the accelerated efficiency program,” said Diess.
For Europe and North America, according to VW, it was decided to completely switch diesel units to a more advanced and more expensive technology for exhaust gas cleaning “at the earliest possible point in time”.
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Billion fines threaten.
The previous VW boss Martin Winterkorn had already launched a program to reduce the costs of the VW brand by five billion euros by 2017. Because of the manipulation of diesel exhaust gas values, authorities around the world are investigating VW. The Wolfsburg have to reckon with billions in fines and claims for damages.
The group has set aside 6.5 billion euros for millions of recalls alone.
more on the subject.
Tagesschau24 reported on this topic on October 13, 2015 at 2:00 p.m..