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Volkswagen to slash investment by $1.1bn per year

The Force Volkswagen Spot

Embattled German carmaker Volkswagen announced Tuesday it would cut annual investment by 1 billion euros ($1.1 billion) after a special board meeting in the wake of the emissions scandal that has thrown the company into crisis.

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The Force Volkswagen Spot

Volkswagen to slash investment by $1.1bn per year

Embattled German carmaker Volkswagen announced Tuesday it would cut annual investment by 1 billion euros ($1.1 billion) after a special board meeting in the wake of the emissions scandal that has thrown the company into crisis.