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Volkswagen works at turning US business around

Carmaker's reliance on leasing is designed to lock in repeat customers for 2017

VW is leaning on leases until it can start reaping the benefits of a planned US$7 billion investment in North America.

Southfield, Michigan

THE US$89 a month it takes to lease a Jetta at some US dealerships is about as low as the price of using an iPhone on some mobile-phone plans. It's also a sign of how Volkswagen AG (VW) is grasping to turn around its fortunes in the US.

The bargain deal -...

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