Volkswagen's cost savings offset high input prices

Newswire

FRANKFURT, April 28 (Reuters) - Production cost savings gained through its "ForMotion" programme have allowed Volkswagen , Europe's biggest carmaker, to easily offset continued high prices for raw materials, the company said on Friday. "In spite of the price increases on the energy side, on the raw materials side, we're clearly able to significantly over-compensate these developments," Chief Financial Officer Hans Dieter Poetsch told a conference call. Volkswagen said a 200-million-euro ...

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