HANOVER, Germany: Volkswagen is nearing a deal with the IG Metall labor union to raise wages for workers at its German factories, just as Europe's biggest automaker grapples with slowing sales and falling profit.
"We will reach a deal," a spokesman for IG Metall said early on Tuesday. A spokesman for Volkswagen added that some details still needed to be worked out before an agreement could be signed, while declining to provide specifics.
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