Wall Street is underwhelmed by Volkswagen AG’s latest financial planning report, which promises new vehicles and powertrains to boost its product lineup, but offers few details about its cost-savings strategy. “The announcement did not include the long-expected details of how the €7 billion ($8.2 billion) cost-cutting plans at VW Brand Group would be achieved,” Merrill Lynch analyst Stephen Reitman says, referring to a goal set out by the auto maker in July.(See related story: What Will it ...
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