Monday, November 30, 2015

VW Identifies $2 Billion In Savings, Will Cut Back On Variants And Trim Options

Production at a Volkswagen plantIn the wake of its diesel and CO2 emissions cheating scandal, the Volkswagen Group has undertaken a massive cost-cutting program that CEO Matthias Müller says will lead to anything not being absolutely necessary either getting canceled or postponed. VW has already confirmed that its investment bill for 2016 will be reduced by $1 billion euros...

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