Volkswagen is considering cutting costs to deal with the crisis

[Sergey Golubev]

Volkswagen is considering cutting costs to deal with the crisis

Volkswagen is considering cutting costs to help tackle the economic impact of the coronavirus pandemic, a German automaker spokesman said on Saturday.

The representative recently said that this issue was discussed at an internal event when he was asked about a report in the industry magazine Automobilwoch

Automobilwoche quoted Volkswagen CEO Herbert Diess as telling top managers at a meeting on Thursday: "We must significantly cut R&D expenditure, investments and fixed costs compared with the previous planning."

source..

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

• MaksiGen_Range_Move MTF - indicator for MetaTrader 5
• ColorSchaffTriXTrendCycle - indicator for MetaTrader 5

Same system for MT4:

1. Brainwashing. Trades: manually and using EAs (MT4)
2. Brainwashing EAs - the thread (MT4)
3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
4. Brainwashing: system development (MT4) - the thread