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The
German company also plans to re-use as many parts as possible in
the next generation of its popular Golf model to save hundreds
of millions of euros, according to the Manager Magazin report,
which cited Volkswagen sources.
Europe's largest carmaker is battling the biggest business
crisis in its 78-year history after admitting last month it
installed software in diesel vehicles to deceive U.S. regulators
about the true level of their toxic emissions.
Manager Magazin said Volkswagen now saw the costs of the scandal
exceeding 30 billion euros ($33.1 billion), most of which new
Chief Executive Matthias Mueller planned to record at the VW
brand, sparing its more upmarket Audi and Porsche subsidiaries.
Volkswagen, which could not immediately be reached for comment
on Saturday's report, has said it will cut investment plans at
its VW division -- the largest by revenue -- and speed up cost
cutting.
According to Manager Magazin, Volkswagen also aims to improve
productivity and efficiency at VW plants as part of the savings
drive, which could lead to job losses.
It cited company sources as saying no cuts to headcount had been
agreed with workers' representatives so far.
(Reporting by Maria Sheahan; Additional reporting by Andreas
Cremer; Editing by Helen Popper)
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