Volkswagen to slash half of its models as sales fall
Volkswagen announced plans on Thursday to cut its model lineup by up to half amid declining sales and intensifying competition from Chinese carmakers. The company faces potential job cuts affecting 100,000 workers and factory closures, particularly impacting its Neckarsulm facility. This decision reflects broader challenges in the global automotive industry as it transitions to electric vehicles.
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Published 09 Jul 2026, 22:37 UTC · Updated 09 Jul 2026, 22:40 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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