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VW seeks deeper cost cuts to bolster returns in tough market

China demand, EV sales slow

Bloomberg NewsbyBloomberg News
August 1, 2024
in Earnings
Reading Time: 3 mins read
0

Volkswagen AG is pushing for more cost reductions to better compete in a slowing market marred by a spending slump in China and waning electric-car demand. . Europe’s biggest automaker is reducing capacity at high-cost plants in Germany, Chief Financial Officer Arno Antlitz said in an interview. . VW has also stopped hiring and put […]

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