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


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.

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