VW’s Delays Lead to Audi Cost Cuts

Posted on
Tagged
#diesel #engine #exhaust-system
Author
Scott McCracken
Source
reuters.com
An overhead view of a parking lot with cars neatly lined up inside parking spaces.

Volkswagen Group still doesn't have an approved fix from the EPA and the company just agreed to send $175 million to lawyers representing diesel owners in the US. In other words, the company is in financial trouble and that means some belt tightening needs to happen.

From Reuters:

"Audi will delay technology projects at its German base to cut costs, sources at the company said on Monday, as it grapples with the Volkswagen group's emissions scandal and multi-million-euro investments in electric cars and autonomous driving."

The cutbacks are going to hurt projects that were intended to clean up VW and Audi' brand image --- namely self-driving technology and electric vehicles.

More information on reuters.com

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