UK car sales hit eight-year high in August; Volkswagen approves another 50,000 job cuts – business live

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Guardian Business

UK car sales hit eight-year high in August; Volkswagen approves another 50,000 job cuts – business live

Rolling coverage of the latest economic and financial news Elsewhere in the car sector, Volkswagen’s supervisory board has agreed to back a sweeping overhaul that will cut another 50,000 jobs and could lead to plant closures. VW announced last night that “after intense and constructive discussions”, the Supervisory Board has unanimously approved the comprehensive Future Plan 2030 drawn up by chief executive Oliver Bl…