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 matters: A 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✓