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Motor1
Motor1
Business
Adrian Padeanu

Volkswagen Shortens New Car Development Time To Three Years

Volkswagen wants to have an extra €10 billion (nearly $11B) at its disposal by 2026. To get there, it's cutting costs wherever possible, and there are some major changes planned. Per the "Accelerate Forward/ Road to 6.5" program, measures will be taken at all levels of the company. As you may remember, CEO Thomas Schäfer recently said VW is "no longer competitive." Reducing expenditures could put the automaker back on track.

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