VW wants to cooperate with suppliers

By Edmund Chew, Automotive News Europe

Hanover, Germany – Volkswagen will cut costs by working more closely with its suppliers, pooling material purchases and buying more from China.

Volkswagen brand CEO Wolfgang Bernhard and VW Director of Supply Francisco Garcia Sanz told 150 suppliers at a meeting here Thursday that they expected to cut material costs by 10 percent – Euro1000 million – between 2006 and 2008.

The new cost-cutting program is part of Volkswagen’s planned Euro4000 million in efficiency gains in the next phase of its ForMotion…

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