New Business
Friday, 7/10, 09:52 AM
Volkswagen to halve its model lineup and shrink capacity in a sweeping overhaul
- Volkswagen, Europe's largest carmaker, unveiled a plan to cut its model range by up to half and reduce production capacity, part of one of the biggest restructurings in the global auto industry.
- The move is a response to fierce competition in China, thinner margins on electric vehicles and U.S.
- tariffs, though the fate of jobs and factories remains unresolved.