Volkswagen finance chief warns historic restructuring is not enough

Volkswagen’s CFO, Arno Antlitz, emphasized that the company’s significant restructuring efforts are not sufficient, warning against the risk of complacency before achieving full transformation. Despite a recent deal to reduce production capacity and workforce in Germany, both Antlitz and VW brand CEO Thomas Schäfer acknowledged that much work remains to be done amid challenges such as the costly transition to electric vehicles and pressure from competition. They called for necessary structural reforms to enhance productivity and labor market flexibility to safeguard Germany’s investments in defense and infrastructure.

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