Companies
Friday, 7/10, 07:37 AM
Volkswagen Plans to Halve Its Model Range and Cap Output at 9 Million Cars
- Volkswagen has set out a plan to cut its sprawling product range by up to half and cap its yearly output at around 9 million vehicles, part of a 12-point strategy to become simpler and more profitable.
- It is a decisive turn away from selling more cars toward making fewer, better-margin ones, as Chinese rivals, US tariffs and the cost of going electric bite.