FRANKFURT AM MAIN: German car giant Volkswagen said on Thursday it was looking for three billion euros ($3.8 billion) in new savings to help fund its pivot toward electric vehicles, adding that it could not rule out job cuts.
Without more savings, profitability at VW’s historic own-brand cars division “will not be enough to be completely ready for the future,” said Arno Antlitz, chief financial officer at the unit, adding “enormous investments” were needed.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.