Volkswagen profits drop 10% as embattled automaker considers massive job cuts

Volkswagen profits drop 10% as embattled automaker considers massive job cuts
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By Anna Cooban, Hanna Ziady, CNN London (CNN) — Volkswagen took a sizeable knock to its profits during the second quarter as it considers cutting tens of thousands of jobs – part of its attempt to better compete against its Chinese rivals. The German automaker said it made €3.5 billion ($4 billio...