Volkswagen has unveiled a sweeping four-year overhaul aimed at restoring profitability, cutting costs and accelerating its EV transition after a sharp drop in earnings.
The Volkswagen Group has outlined its comprehensive four-year plan that aims to steer it in a more profitable direction while it seeks to become the world’s “most attractive” automaker by 2030.
This comes in the wake of a sharp drop in profitability, with operating profits having fallen by 53% in 2025, amid US tariff challenges and slowing demand in China, among other factors, while operating margins fell from 5.9% to 2.8%.
Simply put, the automotive giant is selling fewer cars and making less money on each unit.
This has forced some difficult decisions for the company, including a plan to reduce the workforce by around 50,000 people across the Group by 2030.
