#volkswagen #yahoofinance #automobile
Volkswagen (VWAGY) is looking to cut costs after posting disappointing third quarter results. The company saw a 42% decline in operating profit in the quarter due, in part, to a steep drop in China demand. Labor representatives recently said the automaker plans to close 3 German plants due to its struggles. Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down the details. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith
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