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Cost-cutting VW baffles experts with Phaeton plans

The first-generation VW Phaeton ranked as one of the three biggest money-losing European cars of modern times.
January 28, 2015 05:00 AM

BERLIN (Reuters) -- With Volkswagen having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading a money-losing luxury sedan.

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