Volkswagen Group needs to focus on productivity at its mass-market brands to cope with a step up in competition this year as supply chains improve, car production rises and consumers remain under pressure, company executives said.
"2023 must be the year of productivity," finance chief Arno Antlitz told staff newspaper 360 Grad.
Antlitz and VW brand chief Thomas Schaeffer said supply-chain snags would continue to affect output this year, but Antlitz said chip supply was improving.
VW said last week it expected sales to rise by up to 331 billion euros ($350 billion) this year and forecast a 14 percent increase in vehicle deliveries from 2022.
