The Volkswagen Group wants to save up to one billion euros in production costs in the coming years after restructuring all brands, the company said, announcing that it would begin implementing a new model this month.
Production, technical development and procurement will be managed by a board with members from all the brands that make up the group in an effort to simplify operations and reduce the number of positions on the board of directors, the statement said.
The new strategy envisages reducing the number of positions on the board of directors by about a third by the middle of this year, reports Nezavisne novine.
"The new Group Management Board brings greater speed and optimal management results across all brands," said Volkswagen Passenger Cars CEO Thomas Schaefer.
The group consists of the parent company Volkswagen, followed by Audi, Porsche, Lamborghini, Bentley, SEAT, Škoda, Cupra and the motorcycle brand Ducati.
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