VW Board Said to Meet Again to Seek Answers to Emissions Crisis
- CEO says VW won't cut spending "at the expense of our future"
- Carmaker to reduce investment in factories and equipment
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Volkswagen AG’s supervisory board plans to meet again in just over two weeks after announcing initial spending cuts on Friday, as it grapples with the fallout of the two-month-old emissions crisis.
On the agenda for the Dec. 9 meeting would be feedback from regulators on the technical solutions proposed to fix cars manipulated to cheat on emissions tests, according to people familiar with the plans. The company is working on a more comprehensive spending overhaul as part of a new strategy Chief Executive Officer Matthias Mueller intends to unveil next year, said one of the people, who asked not to be named because the talks are private.