Finance
Volkswagen to refocus on raising productivity, warns of challenging 2023 – finance chief
BERLIN, Dec 16 (Reuters) – Volkswagen (VOWG_p.DE) will refocus on elevating productiveness after quite a few difficult years and is concentrating on margin parity between electrical and combustion engine vehicles in 2-3 years if uncooked materials costs normalise, its finance chief stated on Friday.
“The challenges won’t develop into simpler subsequent yr,” Arno Antlitz stated on the sidelines of the carmaker’s extraordinary basic assembly in Berlin, pointing to order books of 1.8 million in Europe with demand far oustripping the tempo of provide as chip provide remained tight.
Reporting by Victoria Waldersee, Jan Schwartz; enhancing by Matthias Williams
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