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Volkswagen eyes 100,000 job cuts, factory shutdowns: report (VWAGY:OTCMKTS)

Volkswagen Seeks Strong Access To Electric Market With ID.3 And ID.4 Cars

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Volkswagen AG (VWAGY) is considering deeper cost-cutting measures, including eliminating up to 100,000 jobs and closing several factories, as CEO Oliver Blume seeks to improve the automaker’s competitiveness, Manager Magazin reported Friday, citing people familiar with the matter.

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