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Volkswagen's CEO will address thousands of workers at its biggest plant on Wednesday as he attempts to win their support for cost cuts at the carmaker's core VW brand.

Europe's largest carmaker keeps boosting sales to new records but profitability gains are not keeping pace with the 12-brand group's rapid expansion.

CEO Martin Winterkorn plans to cut costs by 5 billion euros ($6.7 billion) a year from 2017 as part of efforts to streamline work processes at all levels of VW's namesake brand, its biggest division by sales and deliveries.



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Cracks In The Armour? Volkwagen CEO To Address Workers Over Massive Cuts To Come

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