Volkswagen shortens new car development to three years

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Volkswagen claims that although it’s slashing the time it takes to bring a car to market, the measures will be introduced “without sacrificing quality or safety”.

Cutting lead times will save more than €1 billion ($A1.6b) alone by the end of 2028, VW says.

Further costs will be saved by building 50 per cent fewer prototypes to conduct real-world testing. This measure is said to save around €400 million ($A650m) annually.

Other profit-boosting action involves efficiencies…

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