Volkswagen (VLKAY.PK) reportedly slashes production of its Passat cars in Germany, part of a...

|About: Volkswagen AG ADR (VLKAY)|By:, SA News Editor

Volkswagen (VLKAY.PK) reportedly slashes production of its Passat cars in Germany, part of a move to cut its output by 300K vehicles this year amidst the slump in Europe. "Western European car markets are in free fall - those cutbacks are completely unavoidable," says Stefan Bratzel, head of an industry group.