VW CEO Vows More Restructuring, Sees Lessons in China: Bild

Volkswagen AG’s chief executive officer said the restructuring process underway at Europe’s largest automaker will continue even as its order backlog rises, according to Bild am Sonntag.

To avoid costly overcapacity, VW is applying “clear manufacturing cost targets” to all its plants, be they in Germany, Europe or China, Oliver Blume told the German newspaper in an interview.