Volkswagen will freeze managerial promotions next year at its VW division as part of a savings drive to help meet the cost of a scandal over diesel emissions tests, a German business magazine reported.
The German company also plans to re-use as many parts as possible in the next generation of its popular Golf model to save hundreds of millions of euros, according to the Manager Magazin report, which cited Volkswagen sources.
Manager Magazin said Volkswagen now saw the costs of the scandal exceeding euro 30 billion ($33.1 billion), most of which new Chief Executive Matthias Mueller planned to record at the VW brand, sparing its more upmarket Audi and Porsche subsidiaries. Volkswagen could not be reached for comment.
Meanwhile, Audi plans to keep hiring and affirmed a jobs guarantee through 2018 a spokesman for Audi said. "We are sticking with plans for strategic growth and are continuing to hire new employees as planned," newspaper Heilbronner Stimme had earlier quoted Audi personnel chief Thomas Sigi as saying.
