VW factories to raise efficiency by up to 8%: Handelsblatt

[FRANKFURT] Volkswagen wants to improve the productivity of its factories by between five and eight per cent per year, German daily Handelsblatt said on Monday, citing company sources.

Every third factory shift could then be eliminated and expensive weekend shifts would no longer be needed, the paper said.

The German carmaker plans to tighten spending sharply as it deals with fallout from its diesel emissions cheating scandal. VW declined to comment.

VW's supervisory board is scheduled to meet on Nov 18 to approve new spending targets for the coming years.

REUTERS