From Breakingviews - Breakingviews - COMMENTARY: VW’s rescue wagon shifts into first gear ↧ ↧ Breakingviews - COMMENTARY: VW’s rescue wagon shifts into first gear The €40 bln carmaker ‌struck a deal with its unions to slash 50,000 jobs and cut spending. The outcome ​of the tense negotiations is better ​than expected. But details like cost and ⁠timing are murky, and CEO Oliver ​Blume still needs EU lawmakers to fend ​off Chinese competition.