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Volkswagen to seek 3 billion euro savings between 2020 and 2023

Reuters  |  FRANKFURT 

(Reuters) - German carmaker on Thursday said it will extend a cost savings and efficiency programme at its core brand beyond 2020 and seek an additional 3 billion euros in cost savings by 2023.

The German carmaker said that talks with about extending a potential alliance beyond commercial vehicles continue and remain constructive.

said it could cooperate in the area of electric and autonomous and that it had plans to increase the number of on offer to clients in the by at least two sports utility vehicles.

VW will also make electric in the in the medium term, although no decision has been made about the production site, the carmaker said at a press conference in Wolfsburg,

(Reporting by Edward Taylor; Editing by Riham Alkousaa)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 06 2018. 16:32 IST