VW Brand to Shrink Workforce Further in Bigger Savings Push
- Electric car shift, emissions tests hurt profit margin
- VW culling slow-selling model variants to lower complexity
March 12: Volkswagen Aims to Keep Profitability at 2018 Level This Year, Says CEO
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Volkswagen AG’s main car brand plans to deepen cost cuts and ax more jobs as profits slip in the industry’s shift to electric and self-driving cars.