CNBC1h agoBusiness
Volkswagen Plans Drastic Model Lineup Reduction and Capacity Cuts
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- Volkswagen will cut its model lineup by up to half and reduce production capacity to nine million vehicles annually.
- The German automaker aims to become faster, more resilient, and competitive, avoiding immediate job cuts despite earlier reports of potential layoffs.
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Volkswagen will cut its model lineup by up to half and reduce production capacity to nine million vehicles annually. The German automaker aims to become faster, more resilient, and competitive, avoiding immediate job cuts despite earlier reports of potential layoffs.
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This article was originally published by CNBC.
