Although VW is to post another record profit, the automaker will still reduce bonuses for management, as situation in Europe continues to be tense.
If PSA Peugeot Citroen and Ford reported the worst sales results in Europe last month, VW’s sales increased and the company gained market share in the region, despite the recession. As auto demand continues to decrease in western Europe, VW becomes more vulnerable in front of the crisis in its home market.
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