Volkswagen CEO Oliver Blume expresses optimism regarding the future of the German automotive industry, despite ongoing challenges and a competitive global landscape In a recent interview, Blume indicated a renewed sense of strength within the sector, acknowledging past doubts about its ability to successfully navigate a period of significant transformation He affirmed Volkswagen’s commitment to showcasing innovation at the upcoming IAA Mobility show in Munich, highlighting advancements across battery technology, software development, autonomous driving capabilities and charging speeds
Blume also stressed the importance of maintaining the current pace of corporate restructuring, particularly in light of sustained US tariffs He emphasized the necessity of continued cost management and investment discipline, noting that both tariffs and restructuring costs are likely to remain factors for the foreseeable future
According to Volkswagen brand chief Thomas Schäfer, the company’s previously announced savings program is progressing as planned Factory costs at German locations have reportedly been reduced by over 20 percent and planned staff reductions are proceeding on schedule Furthermore, Volkswagen is actively streamlining internal processes, having decreased the number of decision-making committees by 30 percent
Enhanced collaboration between Volkswagen’s volume brands-including VW, Skoda and Seat/Cupra-is also contributing to cost savings The forthcoming all-electric small car family, slated for production in Spain, is projected to generate cost benefits of at least €600 million over its lifecycle, a similar level of savings achieved through the joint development of the VW Passat and Skoda Superb