DETROIT – It was just about a year ago that Volkswagen AG Chairman Bernd Pischetsrieder addressed his shareholders to deliver the news: VW would cut 5,000 jobs and institute a massive cost-reduction program dubbed “ForMotion.” The program would help the German auto maker rebuild a solid financial footing, he predicted. While VW’s financial house is just starting to get back in order, the auto maker is starting to realize some fundamental benefits from ForMotion, VW Chief Financial ...
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