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 Investors will cheer Volkswagen’s supervisory board’s decision to back its sweeping restructuring plan, argues Deutsche Bank analysts. They told clients this morning: The unanimous approval of Volkswagen’s Zukunftsplan 2030 last night is, in our view, a fundamental breakthrough and a much-better-than-feared outcome. We expect the market to react positively. Virtually every single one of the numerous investors we spoke to over the last fe