FILE PHOTO: A worker wears a protective mask at the Volkswagen assembly line after VW re-starts Europe’s largest car factory after coronavirus shutdown in Wolfsburg, Germany, April 27, 2020, as the spread of the coronavirus disease (COVID-19) continues. Swen Pfoertner/File Photo
BERLIN (Reuters) – Volkswagen <VOWG_p.DE > is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday.
The issue was recently discussed at an internal event, the spokesman said, when asked about a report in industry magazine Automobilwoche.
“There were general deliberations about what further cost measures could be taken to respond to the pandemic,” the spokesman told Reuters. “There are no concrete decisions yet.”
Automobilwoche quoted Volkswagen CEO Herbert Diess as telling top managers at a meeting on Thursday: “We must significantly cut R&D expenditure, investments and fixed costs compared with the…
Source news reuters.com, click here to read the full news.