Automakers

VW brand cost-cutting plan running behind schedule, report says

VW logo 2023
(Bloomberg)
R
By:
Reuters
October 17, 2023 07:01 AM

BERLIN -- Volkswagen Group is running behind schedule in defining key measures of a planned 10-billion-euro ($10.5 billion) cost-cutting drive for its namesake brand, two people familiar with the matter said, as talks with powerful labor leaders drag on.

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