VW to focus on premium models

07/04/2022
UK publication The Financial Times has reported Volkswagen will scrap lower-end models to focus on its premium brands such as Audi and Porsche.

It quoted chief financial officer Arno Antlitz as saying the focus will be on quality and on margins, rather than on volume and market share.

VW, he said, would reduce its line-up of petrol and diesel cars by 60% in Europe over the next eight years.