VW to Cut 1 Million Vehicle Capacity Amid China Threat
Volkswagen plans to cut 1 million vehicles of capacity and slash its model lineup by up to 50% as Chinese rivals erode market share in China and Europe.
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Volkswagen plans to cut 1 million vehicles of capacity and slash its model lineup by up to 50% as Chinese rivals erode market share in China and Europe.
China marks 70 years since its first domestically made car, celebrating its journey from one truck factory to the world's top auto market and EV leader.
China's auto exports hit 5.1M vehicles in H1 2026 as the industry shifts from volume-driven to value-driven growth, led by NEV technology.
The Flemish government offers Volvo Cars up to €119 million in subsidies to secure the Ghent factory, protecting 6,500 jobs and Belgium's last car plant.
A four-day strike at Plasman, a key Volvo Car Gent supplier, ends after workers narrowly approve a deal. Production can gradually resume.
A strike at Plasman, a key Volvo Ghent supplier, enters its third day with no resolution. 4,000 workers are on economic unemployment as production halts.
China's new energy vehicles have gained 27.5% in weight since 2020, driven by larger batteries and features, raising safety and infrastructure concerns.
Diesel vehicles now account for just 3% of new car registrations in Belgium, down from 80% at its peak, as electric cars dominate the market.
Stellantis signs deals to manufacture Chinese Voyah EVs in France and explore US collaboration with JLR, marking a strategic shift.
Stellantis announces E-Car project to produce small, affordable EVs starting in 2028 at its Pomigliano plant in Italy, targeting the European market.