VW raises the bar for performance

VW raises the bar for performance

September 27, 2019 0 By autotimesnews

VW raises the bar for productivity, reduces costs and reduces carbon emissions in factories.

On Thursday, the Volkswagen Group VW trademark announced performance improvements, cost reductions, and goals to reduce carbon emissions at automakers’ plants.

“Our strategy is working. “We will increase our productivity by more than 6 percent and reduce production costs for the car for the first time since 2013,” said Andreas Tostmann, member of the VW Production and Logistics Board.

According to him, earlier the target performance indicator was 5 percent. VW said the cost reduction that factories made in 2019 for personnel, support purchases, and total overhead was € 500 million ($ 547 million).

According to the automaker, this will contribute to a targeted cost reduction in these areas by a total of 2 billion euros between 2019 and 2023.

VW said that carbon dioxide emissions from the vehicle were reduced by 22 percent between 2015 and the first half of 2019. The automaker has a goal to halve CO2 emissions by 2025 compared to 2015.