Volkswagen Plans to Cut Model Lineup by as Much as 50%

AI Summary

Volkswagen announced plans to cut its model lineup by up to 50% as part of a cost-saving strategy, following a supervisory board meeting that did not approve larger workforce reductions. The automaker aims to streamline its offerings to improve efficiency.

Volkswagen plans to cut its sprawling model lineup by as much as 50% as part of a savings push. It comes after a supervisory board meeting stopped short of agreeing on deeper workforce reductions at the German automaker. Bloomberg's Elisabeth Behrmann reports. (Source: Bloomberg)