Volkswagen not under pressure to use excess cash

Newswire

FRANKFURT, July 27 (Reuters) - Volkswagen , the world's fourth largest carmaker, affirmed it did not feel under pressure to make use of its growing pile of cash, its chief financial officer told a conference call on Friday. VW reported earlier that automotive net liquidity rose 85 percent to 11.8 billion euros ($16.1 billion) by the end of the first half. Hans Dieter Poetsch said Volkswagen was considering using some as part of a couple of strategic projects VW is working on, for ...

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