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Volkswagen CEO tells staff cost-cutting journey 'is not over'

Source: reuters.com

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Volkswagen CEO tells staff cost-cutting journey 'is not over'

Volkswagen CEO Oliver Blume said additional cost cuts are needed at Emden, one of five German plants threatened with closure. While he thanked staff for progress so far, the continued closure risk signals ongoing operational and restructuring pressure, likely keeping investor sentiment cautious.

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