Help Desk -
9717405332, 9599714297, 9810335381

Audi to cut 10% of management positions - CEO Mr Bram Schot

Auto News - Published on Fri, 22 Feb 2019

Image Source: Audi
Reuters reported that Audi CEO Mr Bram Schot told Handelsblatt that Volkswagen's premium auto brand Audi plans to eliminate one layer of management or about 10% of the division's executive positions in a cost cutting drive. He said "One thing is clear, our cost base is too high.”

He reaffirmed a target for a total of EUR 15 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.

The division is at risk of losing its position as VW's leading development centre as the parent explores potential technology alliances with Ford and other rivals.

Source :

Posted By : Joykumar Irom on Fri, 22 Feb 2019
Related News from Auto segment