Auto and Truck Manufacturers (TRBC)

VW brand to cut up to 7,000 jobs in new savings drive

WOLFSBURG, Germany (Reuters) – Volkswagen will cut up to 7,000 positions, aim to boost productivity and deliver 5.9 billion euros ($6.7 billion)of annual savings at its core VW brand by 2023, in its latest attempt to raise profitability at its top-selling division.