VW seeks savings with facilities JV

Newswire

WOLFSBURG, Germany, June 28 (Reuters) - German carmaker Volkswagen AG and building firm Hochtief said on Friday they had launched a joint venture which could allow VW to save on factory and office block overheads. The new firm will organise services such as security, catering, maintenance, refuse disposal and gardening more cheaply and more efficiently than the host of contractors presently involved, VW and Hochtief said. "This is part of our cost-cutting strategy," VW chief financial ...

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