VW profits plunge and deep job cuts loom amid tough Chinese competition

Carmaker, which is pushing through cost-cutting programme, expects sales to fall by up to 3% this year Volkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump in China, as the German carmaker pushes through a brutal cost-cutting programme that includes slas...

First seen 15m ago · latest update 15m ago · World · business

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