{"id":60869,"date":"2026-07-12T04:19:08","date_gmt":"2026-07-12T08:19:08","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/volkswagen-ceo-looks-to-avoid-plant-closures-as-automaker-moves-to-cut-costs\/12\/07\/2026\/"},"modified":"2026-07-12T04:19:08","modified_gmt":"2026-07-12T08:19:08","slug":"volkswagen-ceo-looks-to-avoid-plant-closures-as-automaker-moves-to-cut-costs","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/volkswagen-ceo-looks-to-avoid-plant-closures-as-automaker-moves-to-cut-costs\/12\/07\/2026\/","title":{"rendered":"Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs"},"content":{"rendered":"

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BERLIN (AP) \u2014 Volkswagen’s CEO indicated in comments published Sunday that he’s trying to avoid closing plants as he seeks to turn around the automaker’s performance<\/a>. <\/p>\n

The Wolfsburg, Germany-based company faces pressure to cut costs at home and increasingly intense competition in the lucrative Chinese market<\/a>, in particular. <\/p>\n

Last week, Volkswagen said its “fundamental realignment” over the past three years<\/a> had reached its next phase, announcing plans to streamline the model lineup by up to half. <\/p>\n

It didn’t provide specifics, and questions remain over how else it will cut costs. There has been renewed speculation about the future of several plants in Germany. <\/p>\n

“There are more intelligent solutions than closing plants,” CEO Oliver Blume told the Bild am Sonntag newspaper. <\/p>\n

He added that a cost-cutting program in Germany already is producing effects. “We were able to improve our factory costs in Germany by an average 20% last year alone,” he said, describing that as “strong progress.” <\/p>\n

Blume argued that Volkswagen’s products are very popular, but “we just earn too little money with them. So we must continue to reduce our costs. In all kinds of costs.” <\/p>\n<\/p><\/div>\n

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BERLIN (AP) — Volkswagen’s CEO indicated in comments published Sunday that he’s trying to avoid closing plants as he seeks to turn