For now, the company will review new projects and delay or cancel any that are not considered essential Volkswagen’s new chief executive warned early this week that the financial effect of the company’s emissions cheating scandal would be worse than previously acknowledged, forcing the company to curtail investment at a time when all carmakers are trying to keep ahead of a rush of new technology. The automaker previously said it would set aside 6.5 billion euros ($7.3 billion) to cover the cost of bringing vehicles with illegal software into compliance with emissions standards. “But that will not be enough,” said Matthias Mueller, the Volkswagen chief executive,...
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