U.S. escapes unscathed in this round of VW cuts - Exec: More investments could soon get the ax

摘要

Scandal-plagued Volkswagen Group has cut its global spending plan next year by more than $1 billion, but it spared the ax at its U.S. operations. The biggest investment cut in North America affects only Mexico. Sources familiar with the plans say the renovation of a paint shop in VW's massive Puebla plant, one of the group's largest factories worldwide, will be shelved, even though the company says the decision is still under review.