Volkswagen - Truenewj

VW management will continue cutting costs

amefika6 months ago02 mins

BERLIN, Dec 18 (Reuters) – Volkswagen Chief Executive Oliver Blume vowed on Thursday to continue cutting costs at Europe’s largest carmaker as the company seeks to remain “competitive amid industry-wide challenges.” Speaking at the group’s two-day management meeting in Berlin, ‌Blume identified leadership, focus and finances as three core priorities for the new year, a…

Volkswagen obtains financing to support hybrids and exports from Brazil

amefika7 months ago02 mins

Automobile and commercial vehicle manufacturer Volkswagen obtained 2.3 billion reais ($425.62 million) in financing from Brazil’s National Bank for Economic and Social Development (BNDES). The package includes credit lines aimed at accelerating the automaker’s development of hybrid vehicles and expanding the export activity of its operations in Brazil. Beyond accelerating Volkswagen’s range of hybrid vehicles,…