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.