VW to cut another $3.4 billion in costs to boost margins

The automaker has been cutting costs to fund an ambitious shift to electric cars and automated driving

Jan Schwartz & Edward Taylor WOLFSBURG, GERMANY feedback@livemint.com REUTERS

Volkswagen announced another €3 billion ($3.4 billion) of cost cuts on Thursday in an effort to speed up an improvement in profit margins at its core VW brand. Still battling to recover from a 2015 scandal over emissions test cheating, the German...

Read latest mint ePaper online.

Online newspapers at PressDisplay.