Volkswagen Finance leader warns the historical restructuring

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The company’s chief financial officials in Volkswagen are not enough, noting “this satisfaction with the huge risks (this) kicks of contentment again” before the largest car industry in Europe can transform itself.

“We haven’t finished yet. The real evidence that we can perform the program and implement it by 100 percent has not come.” The future of the car Tuesday summit.

“There is a great risk that once you present a program such as the first results, self -consent begins again.”

In December, Volkswagen Recent plans to close many German plants after the fierce workers resist, Access to an unprecedented deal To liquidate its productive capacity in half in the country and reduced its power operating by 35,000 by 2030. Earlier this month, the company said it has already decreased its power operating by 7000.

At the summit, Thomas Schäfer, CEO of the leading VW brand, repeated the warning, saying that the car company was not where you want to be yet. “There is a lot of work to do,” he said.

Volkswagen has announced the restructuring program in the face of a Expensive transition to electric carsLow sales structurally in Europe and the share of the market hanging in China.

The company’s problems have sparked a warning in Germany and more widely throughout Europe, highlighting the challenges the continent faces with productivity, costs and employment compared to Chinese car makers, which pay for expansion in the region.

Antlitz also called on the politicians in Brussels and Berlin to implement structural reforms to enhance productivity and flexibility in the labor market, saying that the failure to act now would present the success of Germany’s recent investments in defense and infrastructure.

“We need to address structural reforms, but also the flexibility of the labor market,” said Antigel. “If we do not, we risk these investments that we have to make, for example in Germany and in defense and infrastructure.”

Group Chamber sales From EVS in Europe has multiplied more than weakness during the first quarter, with all of every five cars sold in Western Europe is now completely electric. However, the high sales of cars managed by batteries also pressures on operating margins, which decreased to 3.7 percent from 6 percent in the same period last year.

Chevir said the VW brand was aimed at reaching equal cost between electric cars and gasoline vehicles by 2030. “We are not fast enough.”

The profits were also under pressure from US President Donald Trump’s tariffs on foreign -made imports. The group operation margin is expected to decrease to the bottom end of its range by 5.5 percent due to increased commercial restrictions.