- Volkswagen (VLKAY) warns employees that investments and projects not deemed as vital might be canceled by the company. Costly expansion plans are expected to be put on hold, while plenty of corporate fat and sponsorships could be on the chopping block.
- The tighter budget from the German automaker is a direct consequence of the astronomical costs associated from the diesel emissions rigging scandal.
- An even bigger consideration with Volkswagen is if it will permanently pivot away from its corporate philosophy to be the largest automaker in the world toward becoming one where efficiency is the top priority.
- Previously: Major changes at Volkswagen could reshuffle the automaker deck (Oct. 03 2015)
- Previously: Special board meeting set at Volkswagen (Oct. 04 2015)