UPDATE 1-VW won't confirm it weighing more cost cuts

Newswire

(Recasts with VW comment) FRANKFURT, June 16 (Reuters) - German car maker Volkswagen AG would not confirm a newspaper report on Wednesday that it was considering stepping up its two billion euro ($2.4 billion) cost-cutting plan because of domestic market weakness. "I cannot confirm that," company spokesman Thomas Mickeleit said when asked about the Financial Times report, adding Volkswagen would never comment on its internal thought process even should any such plans exist. Citing ...

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