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VW's Audi to cut 10% of management positions: CEO in Handelsblatt

Updated : February 21, 2019 09:06 AM IST

"One thing is clear, our cost base is too high," Audi CEO Bram Schot was quoted as saying.
He reaffirmed a target for a total of 15 billion euros ($17 billion) in cost savings through 2022.
Audi said in December it would invest 14 billion euros through 2023 in electric mobility, digitalisation and autonomous driving.
VW's Audi to cut 10% of management positions: CEO in Handelsblatt
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