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Volkswagen profit drops as carmaker signals further cost cuts

Volkswagen warned its future is at risk as profits fell sharply and it signalled deeper cost cuts. The carmaker is battling weak demand in China, rising competition, tariffs and pressure to simplify its complex structure.

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Source: Euronews
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Volkswagen warned its future is at risk as profits fell sharply and it signalled deeper cost cuts. The carmaker is battling weak demand in China, rising competition, tariffs and pressure to simplify its complex structure.

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