The new strategy will be unveiled in mid-June this year.

According to excerpts of a speech yet to be given by Volkswagen’s CEO Matthias Mueller, Europe largest auto manufacturer is set to announce a new strategy in mid-June.

Volkswagen has been working on formulating a new strategy which, it hopes, will drive future growth and boost profitability once it manages to emerge from the diesel emission test rigging scandal, thanks to which it recorded a 4.1 billion euro operating loss for 2015.

“We want to lead Volkswagen out of the company’s most difficult situation ever and shape it into a mobility provider,” said Mueller a speech given to the auto manufacturer’s senior managers.

In this speech, Mueller disclosed that Volkswagen will pursue a new strategy, which he will present sometime later in mid-June.

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