VW says "more and more difficult" to hit budget-car cost goals

Newswire

GENEVA, March 4 (Reuters) - Volkswagen's efforts to move into no-frills vehicles are stalling as the German carmaker is struggling to meet cost targets for its first budget car, a VW brand executive told Reuters on Tuesday. "It's becoming more and more difficult" to hit cost targets necessary to approve production of a budget car, VW brand development chief Heinz-Jakob Neusser said. "It makes no sense to approve a vehicle that's not meeting our targets," he ...

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