Volkswagen aims to cut 2 bln euro costs - Spiegel

Newswire

FRANKFURT, Feb 28 (Reuters) - German carmaker Volkswagen aims to cut two billion euros ($2.5 billion) in costs over this year and next, German magazine Der Spiegel said in a preview of an article due to be published on Monday. Volkswagen, Europe's biggest carmaker, said on Friday it would cut costs and reduce investment after profits more than halved last year and sales of its latest Golf V hatchback made a weak start. Der Spiegel said without mentioning sources the company might not be ...

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