BERLIN – German auto giant Volkswagen will cut investments by €1 billion euros in 2016, said its chief executive, as the group sought to scale back on spending to cope with its massive pollution cheating scandal.
BERLIN — Volkswagen said irregularities on diesel-emission readings extend to 11 million vehicles around the world, forcing the German carmaker to set aside 6.5 billion euros ($7.3 billion) in an initial tally of the potential costs.
