this post was submitted on 07 Oct 2023
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Layman's translation please
They need to make sure they still get bonuses
I used Google translate for the above. Here is DeepL as alternative:
"VW brand boss Thomas SchΓ€fer 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.