Plants & Production

  • Newswire

    UPDATE 5-VW cuts 2016 capital spending plan as cheating scandal widens  

    * VW cuts 2016 capex plan to 12 bln euros from 13 bln * Says 75,000 more U.S. vehicles have excess emissions * Details of vehicle fixes provided to US regulators (Adds EPA saying VW provided initial proposal on vehicle fixes) By Andreas Cremer and David Shepardson WOLFSBURG, Germany/WASHINGTON, Nov 20 (Reuters) - Volkswagen AG cut 1 billion euros ($1.1 billion) from its 2016 investment plan on Friday, as its emissions cheating scandal expanded to include tens of thousands more U.S. vehicles....More

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