A 1961 Volkswagen Type 2 bus is shown during the Zurich Classic Car Award event in Zurich, Switzerland August 17, 2016. REUTERS/Arnd Wiegmann
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Volkswagen AG factories in Germany are grinding to a halt after a supplier took the unprecedented step of cutting off the automaker as the two battle in court and engage in a public war of words about who's to blame for the impasse.The supplier, which builds seat and transmission parts, has essentially called the automaker a bully, prompting VW's top labor boss to respond that he's "furious".The production holdup threatens to reduce Volkswagen's earnings by as much as 40 million euros ($45 million) a week, according to Christian Ludwig, an analyst at Bankhaus Lampe, at a time when the carmaker is trying to boost sagging profit at its namesake brand by lowering annual spending by 1 billion euros. The conflict centers on a contract that VW signed with the supplier, then later canceled.
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