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: Arno Antlitz, as CFO of Volkswagen, is working with Oliver Blume to fundamentally restructure the company, including potential spin-offs.

Volkswagen: Volkswagen is facing immense pressure from competition and high costs, leading it to consider massive job cuts and plant closures to improve competitiveness and profitability. Its market share has declined in China, and its stock price has fallen.

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.