Volkswagen savings drive turns up heat on suppliers


By Jan Christoph Schwartz HAMBURG, Germany, June 24 (Reuters) - Volkswagen's effort to boost operating profit by squeezing more savings from the manufacturing process drives home the pressure its suppliers face in a sector grown used to pinching pennies. Providers of parts and components must boost productivity every year just to survive the price cuts that carmakers demand. Some struggling firms may end up getting swallowed by rivals, analysts and industry executives said on Friday. ...

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