Volkswagen Group CEO responds to sales, costs and layoffs

Volkswagen Group (China) CEO Bared recently responded to the company's sales, cost reduction, and layoffs. He stated that although 2024 and 2025 are critical periods for the group's transformation, Volkswagen is fully prepared. Bared emphasized that the profitability of the electric vehicle business is not ideal, so the company will optimize the cost structure and focus on profitability rather than just pursuing market share.