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VW cuts 2016 capital spending plan as cheating scandal widens
November 21, 2015 by admin · Leave a Comment
By Andreas Cremer and David Shepardson WOLFSBURG, Germany/WASHINGTON (Reuters) – Volkswagen AG cut 1 billion euros ($1.1 billion) from its 2016 investment plan on Friday, as its emissions cheating scandal expanded to include tens of thousands more U.S. vehicles. Volkswagen has told U.S. regulators that emissions issues in larger luxury cars and SUVs extend to…
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VW cuts 2016 capital spending plan as cheating scandal widens