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Volkswagen, Europe's largest automaker , cited financial constraints on Wednesday when announcing that it will not carry out modernization plans as previously outlined in its project "Gamechanger" scheme. A VW spokesman said all investments at the company are currently under review and that a planned large-scale casting facility at its main Wolfsburg site would not be moving forward despite years of preparation, investment and the stated goal of future-proofing the company for a rapidly evolving production landscape.
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