Volkswagen cuts deliveries outlook as chip crisis eats into Q3 - NewsBreak

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By Victor in Business
Updated 2 years ago

FRANKFURT, Oct 28 (Reuters) - Volkswagen on Thursday cuts its outlook for deliveries, toned down sales expectations and warned of cost cuts as an ongoing shortage of chips caused it to report lower-than-expected operating profit for the third quarter. "Following a record result in the first half of the year,...

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