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Volkswagen Cutting Investments, to Present US Engine Fixes

Volkswagen will cut its spending by 1 billion euros ($1.07 billion) next year and “strictly prioritize” investments as it shores up its finances to deal with its emissions-rigging scandal, CEO Matthias Mueller said Friday after a board meeting. The carmaker, which is due to present to U.S. authorities later in the day its plan to fix diesel cars affected by the scandal, has decided to cancel or postpone investments that aren't "absolutely necessary,"' Mueller said. That...

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