India, March 13 -- Volkswagen (VKW.L, VLKAF.PK, VOW.BE) announced the brand is rolling out an earnings improvement program aimed at achieving a sustained contribution of 5.9 billion euros from 2023. Measures include reducing complexity and optimizing material costs. The program will gradually start delivering results in the period from 2019 to 2022. The company said the aim is to undertake these investments using the brand's own resources and to mitigate the rising costs of more stringent CO2 and exhaust regulations.
Volkswagen said the current year will be a key year for the transformation of the brand. Investments totaling 19 billion euros will be ramped up through 2023, which is 8 billion euros more than originally planned for the perio...