Audi to cut $17 billion from costs by 2022 - Manager Magazin
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BERLIN (Reuters) - Volkswagen's premium brand Audi wants to cut costs by 15 billion euros (13.04 billion pounds) by 2022, Germany's Manager Magazin business monthly reported on Thursday, citing Audi executives.The cost cuts would help finance projects such as a shift to electromobility at Audi, the magazine said.A spokeswoman for Audi said cost-cutting plans had not yet been finalised, but that the scale of cuts reported by the magazine was correct.Savings are particularly important for VW after..