Volkswagen’s (VWAGY) board members are growing concerns that the cuts agreed with unions late last year will not be enough to turn around its core brand, Reuters reports, citing the Handelsblatt business daily. The expectation is further cost-saving measures will be needed beyond the agreed job cuts, the report said citing sources familiar with the matter, according to Reuters.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VWAGY:
- GM, Boeing report quarterly results: Morning Buzz
- Car Giant Honda Hopes to Rev Up EV Rivalry With New $30,000 Model
- Volkswagen, Chinese partners discuss investing in Germany plants, Reuters says
- E.U. plans to potentially use subsidies to help electric vehicle sales, FT says
- Trump Looks to Target the European Union