Bernhard aims to save 7 bln euros at VW - report

Newswire

FRANKFURT, June 23 (Reuters) - Volkswagen manager Wolfgang Bernhard aims to save 7 billion euros ($8.5 billion) in costs at the VW Brand Group in the coming three to four years, Germany's Manager Magazin reported, citing VW sources. In an advance copy of its Friday edition, the magazine said that the VW Brand Group chief expects to wring 3 billion euros from suppliers alone. At a conference this month in Hanover, he told car parts makers that they had to cut their prices in the coming ...

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