Volkswagen Supervisory Board To Meet On Tuesday To Discuss Cost Saving Plan: Report
Portfolio Pulse from Shivani Kumaresan
Volkswagen's supervisory board is set to meet on Tuesday to discuss a €3 billion ($3.22 billion) cost-saving plan across Volkswagen, Seat, Skoda, and Cupra brands. The meeting comes ahead of the automaker's capital markets day on June 21.
June 12, 2023 | 12:28 pm
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Volkswagen's supervisory board will discuss a €3 billion cost-saving plan, potentially impacting the company's financial targets and capital allocation plans.
The supervisory board meeting will discuss cost-cutting measures across multiple brands, which could lead to changes in financial targets and capital allocation plans. However, the short-term impact on the stock price is uncertain, as the outcome of the meeting and its implications for the company's financials are yet to be determined.
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