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VW identifies a 1.9bn in cost savings to offset fines

2015-11-29 15:01:50| Automakers - Topix.net

Volkswagen AG has identified about a 1.9bn in savings at its namesake car brand to help offset fines and recalls stemming from the manipulation of vehicle emissions. The VW brand, the carmaker's largest unit, plans to reduce variants and trim options to reduce complexity and cost, top worker representative Bernd Osterloh said on Friday in a briefing with journalists at Volkswagen's headquarters in Wolfsburg, Germany.

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