Volkswagen Announces Plan to Reduce Model Lineup and Production Capacity
Volkswagen announced a plan to reduce its model lineup by up to half over the coming years, focusing on more profitable market segments. The company also aims to cut production capacity from 12 million vehicles per year pre-pandemic to nine million annually. Despite reports of potential job cuts and factory closures, no official announcement was made regarding layoffs.
Topics: Factory Shutdowns Job Cuts Model Lineup Reduction Restructuring Volkswagen