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Volkswagen to unveil 2025 strategy in mid-June: CEO

Published 05/20/2016, 09:17 AM
Updated 05/20/2016, 09:17 AM
© Reuters. E-Golf in production line at Volkswagen in Wolfsburg

HANOVER, Germany (Reuters) - German carmaker Volkswagen (DE:VOWG_p) will announce a new strategy in mid-June, Chief Executive Matthias Mueller said, according to excerpts of a speech seen by Reuters on Friday.

Europe's biggest carmaker has been working on a new strategy for its core autos business that it hopes will boost its profitability once it emerges from an emissions test-rigging scandal which plunged the carmaker into a 4.1 billion euro operating loss for 2015.

"We want to lead Volkswagen out of the company's most difficult situation ever and shape it into a mobility provider," Mueller said in a speech given to the auto maker's senior managers, the copy of the speech showed.

© Reuters. E-Golf in production line at Volkswagen in Wolfsburg

In his presentation, Mueller said that the new strategy will be presented in mid-June.

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