Finance

Volkswagen must cut costs, says chairman

Volkswagen needs to reduce costs faster and diminish overcapacity to remain competitive, according to Hans Dieter Pötsch.

9 August 2026Tagblick Newsdesk

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Archive photo: Volkswagen must cut costs, says chairman — Archive photoPhoto: Ank Kumar · Wikimedia Commons · CC BY-SA 4.0

Hans Dieter Pötsch, chairman of Porsche and the supervisory board of Volkswagen, stated on Friday that Volkswagen, as Europe’s largest car manufacturer, must act more quickly to cut costs. He emphasized that delays in decision-making could lead to bigger problems for the company.

Pötsch asserted that it is necessary to reduce Volkswagen's overcapacity in order for the company to regain competitiveness in the current market.

His comments come at a time when Volkswagen is under pressure to respond effectively to changing circumstances and continue meeting investor expectations.

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