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Volkswagen Group is targeting about 3.

7 billion euros ($4.1 billion) of cost cuts at its core VW brand by 2021 as it wrestles with labor leaders over a turnaround plan, sources told Reuters.

The targeted savings would be in addition to a 5-billion-euro efficiency program announced by VW in 2014, of which about 2.5 billion euros have already been realized, two people familiar with the negotiations between labor and management told Reuters.



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