BusinessEconomy
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.
—5 min read
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#Volkswagen
4 articles
EconomyAutomotive
Volkswagen Plans 1 Million Capacity Cut in China, Europe
Volkswagen plans to cut 1 million vehicles of capacity in China and Europe and halve its lineup, as the board rejects management's restructuring plan.
—5 min read
Business & IndustryEconomy
VW to Cut 1 Million Vehicle Capacity in China and Europe
VW plans to cut 1 million vehicles of capacity, halve its model lineup, and target 9 million annual production amid fierce Chinese competition.
—5 min read
BusinessInternational
Volkswagen Urged to Build China-Developed Cars in Germany
Lower Saxony Premier Olaf Lies urges Volkswagen to build China-developed cars at German plants to protect jobs amid reports of massive job cuts.
—5 min read