Joint investment warns Volkswagen of potential loss of investment-grade rating if costs are not reduced
智通财经2026/09/03 16:06Show original
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```htmlAccording to the Financial Times, one of Germany’s largest asset management institutions has warned that unless Volkswagen can significantly reduce costs, its credit rating may be downgraded to “junk.” The institution has intervened in a fierce internal game at Volkswagen, and on Friday, the company will hold a crucial board meeting. The Volkswagen Management Board and Supervisory Board are currently deadlocked over a large-scale restructuring plan proposed by CEO Oliver Blume, which could result in up to 100,000 job cuts in Germany and the closure of as many as four factories. Workers’ representatives in the Supervisory Board and major shareholder Lower Saxony both oppose the plan. A letter addressed to Volkswagen’s chairman shows that Union Investment has warned that if the automaker’s profitability cannot be improved, its investment-grade credit rating may be under threat.```
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