Volkswagen is sinking. Its executives have made their path to millions easier.
Volkswagen is facing a financial crisis with plummeting profits and declining margins, leading to potential salary freezes for employees. Despite poor financial results, top executives are reportedly set to receive high bonuses based on a margin target of 3.8%, which is deemed insufficient by the CFO. The company has halted the development of the electric ID. Golf due to financial constraints and plans to cut investments and workforce significantly. Škoda Auto remains profitable, but faces similar salary freeze threats. The restructuring aims to return to profitability with a target margin of 9%.
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