Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
- Posted on July 12, 2026
- By Business News Today
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- 1 min read
Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
Volkswagen's CEO is pursuing cost cuts to improve automaker performance. He aims to avoid closing German plants while streamlining the model lineup. Factory costs in Germany have already seen significant reductions. The company acknowledges its products are popular but earn insufficient profits. Further reductions across all cost areas are now being pursued.
