Volkswagen Cutting $3.4 Billion To Speed Up Improvement

United States News

has announced $3.4 billion in cost cuts to speed up improvement in profit margins at its . The German automaker has been cutting costs recently to fund a shift to electric cars and automated driving. aims to invest over 11 billion euros in electric vehicles and other related services by 2023. According to Reuters, recently said that talks for a potential alliance with U.S. rival Ford are going well.

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