FRANKFURT (Reuters) -- Volkswagen Group wants to extract 3 billion euros ($3.41 billion) in price cuts from its suppliers to help mitigate the costs of the emissions scandal that has rocked the company, German newspaper Handelsblatt reported.
The measure would be part of a broader cost-cutting program including pay, marketing, sponsoring activities and the variety of models to help VW bear an estimated 40 billion euros in costs of the scandal, the paper reported Monday.
VW is setting aside 6.5 billion euros in the third quarter to cover servicing and marketing outlays after admitting it had rigged diesel emissions tests.
Volkswagen was not immediately available to comment.
