VW to lower investment, R&D costs through 2020

WOLFSBURG, Germany (Reuters) - Volkswagen said it will lower investment and development costs in coming years as the automotive group embarks on an efficiency drive to fund a strategic shift to zero-emission technology. The investment ratio in VW's automotive business will decline to 6 percent by 2020 from 6.9 percent last year, VW said on Friday, adding development costs will be cut to the same level. VW earlier on Friday announced a long-awaited turnaround plan for its core brand which foresee