Volkswagen shares rise as investors cheer board approval of sweeping cost reductions

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Volkswagen shares rise as investors cheer board approval of sweeping cost reductions — Sources: BNN Bloomberg

Volkswagen shares rose 6 per cent on Friday after its board of directors approved sweeping cost cuts aimed at confronting challenges including ferocious Chinese competition and US tariffs.

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Volkswagen shares rise as investors cheer board approval of sweeping cost reductions

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