The Traderszone Network

Published in TZ Latest News 20 November, 2015 by The TZ Newswire Staff

VW cuts 2016 capital spending plan as cheating scandal widens

WOLFSBURG, Germany/WASHINGTON (Reuters) – Volkswagen AG (VOWG_p.DE) cut 1 billion euros ($1.1 billion) from its 2016 investment plan on Friday, as its emissions cheating scandal expanded to include tens of thousands more U.S. vehicles. Volkswagen has told U.S. regulators that emissions issues in larger luxury cars and SUVs extend to an additional 75,000 vehicles dating back to 2009, the U.S. Environmental Protection Agency said on Friday.

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