Volkswagen Nutzfahrzeuge Targets 6.5% Profitability by 2029
The company plans a 40% reduction in factory costs, expands electric van markets, and adheres to workforce agreements while monitoring U.S. trade policies.
- Volkswagen Nutzfahrzeuge (VWN) has raised its profitability target to 6.5% by 2029, up from the previous goal of 6%.
- The company aims to cut factory costs by 40% by 2030, achieving annual savings of €1.4 billion.
- VWN is expanding the market reach of its ID. Buzz electric van to countries including Australia, New Zealand, Japan, Indonesia, and Israel.
- The company remains committed to its 2020 agreement to reduce its Hannover workforce from 15,000 to 10,000 by 2029 without additional layoffs.
- VWN is closely monitoring potential U.S. tariffs that could impact exports of the ID. Buzz, which is exclusively produced in Hannover.
Die Zeit 
