16-February-2026
Corporate News
 
Volkswagen Plans to Cut Costs by 20% by End 2028, Manager Magazin Reports
16-Feb-2026

Volkswagen plans to cut costs by 20% across all brands by the end of 2028, Manager Magazin reported on Monday. The business magazine reported that CEO Oliver Blume and finance chief Arno Antlitz presented a "massive" savings plan at a closed-door meeting with the company's top executives in Berlin in mid-January.

News Source:- https://money.usnews.com/investing/news/articles/2026-02-16/volkswagen-plans-to-cut-costs-by-20-by-end-2028-manager-magazin-reports