submitted 11 months ago by supermarkus@feddit.de to c/formula1@lemmy.world

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They claim that they have two different sources for that.

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[-] Sentau@feddit.de 3 points 11 months ago

create return targets for the group's board of directors

Layman's translation please

[-] goferking0@lemmy.sdf.org 5 points 11 months ago

They need to make sure they still get bonuses

[-] Chup@feddit.de 1 points 11 months ago

I used Google translate for the above. Here is DeepL as alternative:

"VW brand boss Thomas Schäfer wants to save ten billion euros by 2026 in order to meet return targets set by the Group's Board of Management."

So they wrote down some money making numbers on paper for 2026, but to get there, they need to save 10 billion euros.

this post was submitted on 07 Oct 2023

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