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How VW will pay for its $12.5 billion transformation

How VW will pay for its $12.5 billion transformation

General Motors has initiated its transformative belt tightening through the "unallocation" of five factories in the U.S. and the closing of two plants outside of North America by the end of 2019. Meanwhile Ford has yet to announce the details of its $11 billion restricting plan (while denying the Morgan Stanley report that it would be eliminating 25,000 jobs). As Ralf Brandstätter, the brand's Chief Operating Officer, said when announcing the plan, "We must force the pace of our transformation and become more efficient and agile.