Volkswagen to Halve Its Model Lineup, Cut Complexity 75%
The plan targets 2030 and follows capacity already falling from twelve million vehicles a year to roughly nine million.
- CFO Arno Antlitz calls prior cost cuts insufficient for today's economic and geopolitical climate.
- Selling engine maker Everllence brings in about 7.4 billion euros in cash.
- CEO Oliver Blume wants Volkswagen to be world's most attractive automaker by 2030.
Why it mattersA company erasing half its own product line is confessing years of overexpansion, not announcing innovation.
Volkswagen Group – "Executive Board Presents Future Plan" (official press release) ↗ · Jul 10, 20267/10/26 · ✓ Checked✓ Check