Transportation
VW’s Profit Plunge Sets Stage for Skirmish Over Plant Closings
- Operating return on sales shrank to just 3.6% in third quarter
- Weak results buttress management’s case for drastic measures
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Volkswagen AG cast its least-profitable quarter in years as cause for the first factory closures in Germany in its 87-year history, setting the stage for contentious negotiations with labor leaders.
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