The VW Group plans to slash its model count by 50 percent.
It hasn't given any names, but German media already has a list of 10 cars.
The Porsche Boxster and Cayman with combustion engines might not come back after all.
When the Volkswagen Group outlined its massive cost-cutting agenda last week, there was no mention of plant closures or layoffs. However, the German automotive giant did speak openly about its plan to cut as much as 50 percent of its current model portfolio by 2030. As if that wasn’t bad enough, between now and the end of the decade, the number of available options will be slashed by 75 percent. At the same time, annual production capacity will fall from the current 10 million to just 9 million vehicles.
Although the company won’t phase out models overnight, we did notice a sense of urgency in the press release. The first steps toward reducing model and variant complexity across the product portfolio have already been taken with "immediate effect," which can only mean some nameplates are already living on borrowed time. Not only that, but German newspaper Bild claims to have a preliminary list of models potentially facing the axe.
