What is the main topic?

The article discusses Volkswagen's cost-cutting program in Germany, which has reduced factory costs by 13%.

Who is Thomas Schaefer?

Thomas Schaefer is the CEO of the Volkswagen brand, who discussed the cost-cutting progress at a conference.

Where was the progress reported?

Progress was reported at the FT Future of the Car Summit in London.

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Home > Finance > VW German cost-cutting drive has sunk factory costs by 13%, brand CEO tells FT

Finance

VW German cost-cutting drive has sunk factory costs by 13%, brand CEO tells FT

Published by Global Banking & Finance Review®

Posted on May 13, 2025

1 min read

Last updated: January 23, 2026

VW German cost-cutting drive has sunk factory costs by 13%, brand CEO tells FT

Quick Summary

Volkswagen's German Cost-Cutting Reduces Factory Costs by 13%

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Frequently Asked Questions about VW German cost-cutting drive has sunk factory costs by 13%, brand CEO tells FT