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Volkswagen Group CEO Matthias Mueller said the automaker will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal.

"We will review all planned investments, and what isn’t absolutely vital will be canceled or delayed," Mueller told some 20,000 employees at the company's headquarters in Wolfsburg, Germany, today. "And that's why we will re-adjust our efficiency program. I will be completely clear: this won't be painless."



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Volkswagen Under Siege - Cancelling All Non Essential Programs

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