VW's Mexico unit to cut output as demand slows


MEXICO CITY, June 30 (Reuters) - The Mexican unit of German auto firm Volkswagen AG on Monday said it would slash output by 23 percent and could cut up to 2,000 jobs because of slower demand for its models in export markets. VW spokeswoman Christine Kuhlmeyer said the reductions would begin in August at the plant in Puebla, southeast of Mexico City. "Sales of our models in export markets are below the planned levels, and that is why the decision was taken to modify the production plan," ...

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