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Volkswagen to Cut Back on Investment, Step Up Cost-Cutting

2015-10-06 23:49:27| Automakers - Topix.net

Volkswagen AG plans to slash an a 86 billion investment plan and step up cost-cutting as it grapples with fallout from its emissions scandal, Chief Executive Matthias MA1 4ller said on Tuesday. Volkswagen's management is still unsure how high the price tag will be for "diesel gate," as investors are calling the scandal.

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