Volkswagen Highlights Europe's Challenge

Volkswagen CEO Martin Winterkorn delivered a blunt message on productivity that bodes ill for the euro region's efforts to tackle unemployment.
Expensive to build, at least in Germany.

Volkswagen Chief Executive Officer Martin Winterkorn delivered a 16 percent increase in third-quarter profittoday, beating analyst expectations. But it came along with a blunt message for the company's 575,000 workers: "Let's be honest," Winterkorn said, "we have a lot of catching up to do with our core competitors in terms of productivity."

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