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5 hours ago

Mass job cuts loom at VW as profits fall steeply on China sales slump

Mass job cuts loom at VW as profits fall steeply on China sales slump

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 axeing up to 100,000 jobs. VW said it expects sales... Read more.

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