VW says launches cost-cuts in face of weak market

Newswire

FRANKFURT, Feb 27 (Reuters) - German car maker Volkswagen said on Friday that it would implement measures to raise sales, cut costs and reduce investment having earlier this month said that profits at the group more than halved last year. "Volkswagen is responding to the ongoing uncertain outlook for the global car market with an extensive package of measures," Europe's biggest car maker said in a statement, adding that details of the programme would be announced at its annual news ...

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