VW mulls stepping up cost cutting - FT


FRANKFURT, June 16 (Reuters) - German carmaker Volkswagen AG is considering stepping up its two billion euro ($2.4 billion) cost-cutting plan because of domestic market weakness, the Financial Times reported on Wednesday. Citing people close to the group, the FT said Europe's biggest carmaker had not yet decided whether further cost cuts were needed but was drawing up plans for its board to consider. VW has indentified potential cost cuts of up to 2.2 billion euros as part of its ...

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