Arno Antlitz & Volkswagen

Arno Antlitz: Arno Antlitz, CFO and COO of Volkswagen, highlighted that the transaction will strengthen Volkswagen's financial position and increase its financial flexibility, while Everlence gains a strong partner in Bain Capital.

Volkswagen: Volkswagen sold a 51% stake in Everlence for approximately EUR 7.4 billion, strengthening its financial position and allowing it to focus on its core business. It will retain a 49% stake in Everlence.

Arno Antlitz: CFO Arno Antlitz is involved in planning the restructuring, including potential spin-offs of the VW brand and parts operations.

Volkswagen: Volkswagen is the central entity facing a historic restructuring with up to 100,000 job cuts and four plant closures, driven by competitive pressures and cost disadvantages.

Arno Antlitz: Arno Antlitz, Volkswagen's CFO, stated that current cost reduction plans are insufficient and a fundamental change in the business model is required to secure the company's future.

Arno Antlitz: Arno Antlitz, Volkswagen's finance chief, stressed the necessity of rigorously reducing costs to improve the company's long-term competitiveness.