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Volkswagen independent parts business
Feb 02, 2019

According to foreign media reports, the Volkswagen parts business has been formally integrated into an independent department in recent days, thus saving costs for the Volkswagen electric vehicle business and gathering more investment funds.

 

Volkswagen Chief Procurement Stefan Sommer said the business unit will compete with leading component manufacturers in the industry.

 

Since the announcement of the electric vehicle production plan in June 2016, the Volkswagen Group has been planning and upgrading its brands. In October 2017, Volkswagen had planned to separate its parts and components business and set up a separate department to cut costs and shift the saved funds to electric vehicle production.


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