Frankfurt (Germany), Dec 6 (EFECOM) .- The Volkswagen brand...

Frankfurt (Germany), Dec 6 (EFECOM) .- The Volkswagen brand today announced that it wants to increase its operating profitability more quickly until, at least, 6% in the year 2022 and for this it will apply more measures to increase efficiency and the productivity of the factories. Volkswagen, the main brand of the group with the same name, will invest more than 11,000 million euros until 2023, of them more than 9,000 million euros in electric mobility. It has also decided to reduce the number of variants in its model portfolio. "The optimization of material costs will contribute significantly to the achievement of profitability objectives without weakening the product base," according to the German company. Also, the VW brand will reduce administrative processes further. "We have to increase our transformation speed: to be more efficient and agile, we can not loosen up and we have to improve more significantly." What has been achieved so far is not enough yet, "said VW brand operations director Ralf Brandstätter. From 2019 until 2023 the VW brand wants to invest more than 11,000 million euros in electric, digitalization, autonomous driving and mobility services, of them more than 9,000 million in the offensive of electric. EFECOM
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