So far this year, Volkswagen Group has delivered 4.7 % fewer electric vehicles compared to the same period last year, with total vehicle deliveries across all categories down by 2.8 %. These figures are particularly challenging for Volkswagen, as the company risks facing steep fines next year if it fails to meet the EU’s emissions targets.
In response, the group is preparing substantial cost-cutting measures. Volkswagen’s brand division, specifically (not the entire group), is exploring ways to save approximately around 4,3 billion Euro. The company’s leadership is considering options such as freezing wages for two years and even implementing a 10 % pay reduction for employees. Bonuses and other employee payouts are also under review.
