UPDATE 1-VW denies it to step up North American incentives

Newswire

(Recasts with Volkswagen denial) FRANKFURT, July 22 (Reuters) - Volkswagen denied on Friday a Financial Times newspaper report that it planned to step up sales discounts and advertising in North America to help rebuild market share and improve relations with disgruntled dealers. Europe's biggest carmaker is using incentives to help keep up U.S. sales of its Passat model before a new version arrives later this year but that did not represent a change of strategy, a VW spokesman said. ...

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