Friday , June 18 2021

Volkswagen wants to put less money on production facilities – Economy –

The 30 percent reduction is planned until 2025

The 30 percent reduction is planned until 2025
© APA (dpa / file)

Volkswagen plans to spend less money on its factories over the next seven years, but it still increases productivity. "We want to reduce our investment in manufacturing equipment by an average of 30 percent by 2025 compared to those of today," said the member of the board of VW and the main sports car of the Porsche brand, Oliver Blume, the "Automobilwoche" according to the report preliminary

He focuses on economies of scale and synergies with the world's largest car maker with its many brands. Blume described the goals he pursued with his 2025 Group Production Strategy as "clear and ambitious." For the VW Group, production must be a competitive advantage in the future.

Volkswagen is concentrating mainly on its modular system and the combination of cross-brands. "When it comes to job placement, platform orientation is the top priority," said Gerd Walker, Head of the Group's Production at VW, the "Automobilwoche." This requires that the production equipment can be used for a longer time. "We will design the facilities in our plants as much as possible so that we can use them for the next generation of vehicles," said Walker. "We will definitely continue to develop our modular strategy".

Volkswagen is in the midst of the change to electric mobility and needs a lot of money for it. In 2022, the Wolfsburg Group wants to invest more than 34,000 million euros in new electric vehicles, autonomous driving and digitization. In 2025, the brands of the group will bring more than 80 new electric models to the market.

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