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He informed German media that VW successfully cut costs at its German factories by an average of 20% last year, describing this as "substantial advancement."
"We have a high demand for our products, yet our profit margins are insufficient," Blume stated. "Consequently, it is essential to keep reducing expenses – in every aspect."
Previously, various media sources indicated that VW intends to reduce its workforce by as many as 100,000 positions worldwide in the coming years and halt manufacturing at four of the company's facilities in Germany.
The CEO of the automaker stated that "there are more intelligent alternatives" apart from closing plants.
After a VW supervisory board meeting last week, management presented only ambiguous objectives, such as narrowing the model range to concentrate on the most appealing market segments.
"We aim to boost sales figures for all models, thus we are methodically refining our product lineup," Blume stated.
source: dw.de
"We have a high demand for our products, yet our profit margins are insufficient," Blume stated. "Consequently, it is essential to keep reducing expenses – in every aspect."
Previously, various media sources indicated that VW intends to reduce its workforce by as many as 100,000 positions worldwide in the coming years and halt manufacturing at four of the company's facilities in Germany.
The CEO of the automaker stated that "there are more intelligent alternatives" apart from closing plants.
After a VW supervisory board meeting last week, management presented only ambiguous objectives, such as narrowing the model range to concentrate on the most appealing market segments.
"We aim to boost sales figures for all models, thus we are methodically refining our product lineup," Blume stated.
source: dw.de
