Volkswagen is intensifying its cost-cutting measures, planning to eliminate up to 50,000 jobs by 2030 while reassessing its extensive model lineup for greater efficiency.

The VW Group plans to streamline its massive product portfolio by prioritizing higher-volume products at the expense of some models and variants.

Volkswagen is intensifying its cost-cutting measures, planning to eliminate up to 50,000 jobs by 2030 while reassessing its extensive model lineup for greater efficiency.