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    Volkswagen to Cut Costs Amid Profit Decline

    1 day ago

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    Volkswagen Group announced a significant 11.6% drop in profits for the first half of 2026, totaling €158 billion. CEO Oliver Blume emphasized the need for disciplined cost management in a challenging environment, particularly due to a 20% slump in the Chinese market. The company plans to streamline operations and improve efficiency to enhance earnings quality.
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