Audi plans to eliminate one layer of management or about 10 percent of the division's executive positions in a cost cutting drive, the unit's CEO told German newspaper Handelsblatt. "One thing is clear, our cost base is too high," Audi CEO Bram Schot was quoted as saying.
He reaffirmed a target for a total of 15 billion euros ($17 billion) in cost savings through 2022.
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