As Renault and VW move towards major and comprehensive cost-cutting projects, with the squeeze of uncertainties and inefficiencies, is this liable to spread?
In December of last year, AMS reported on Renault’s Thierry Charvet, Chief Industry & Quality Officer’s statement concerning the carmaker’s “Re-Industry” plan. The Renault Re-Industry regime is, amongst other things, fundamentally a major cost-cutting plan. Then, again towards the close of 2023, there was substantial media coverage on forthcoming cost-cutting measures within the VW brand. Although specific details are pending, preliminary agreements have now been reached with the Works Council after some talks of delays in execution. If ratified, VW is about to push for a major cost-cutting project across its infrastructure.Are these measures about to take hold of OEMs, particularly across Europe?
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