There are few large corporations that are as strong as Volkswagen due to political and economic upheavals in the world. In China, local car manufacturers are hunting more and more market shares in Wolfsburg, in America Trump’s trade conflicts are burdening the business. And in Europe, austerity programs have started that should cost tens of thousands of positions. Everything is in motion, and CFO Arno Antlitz established a direct connection between America’s protectionism and the pressure at even faster cost reductions on Friday. Even if there is still a struggle for the amount of the US import duties, they “probably remained a permanent burden,” he said. “We have to strengthen our efforts to compensate for this effect.”
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