Volkswagen AG plans to cut 1 lakh jobs and potentially close factories as CEO Oliver Blume aims to enhance competitiveness in Europe's largest automaker.

Volkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closing four German plants. The company also…

Volkswagen plans to discontinue production at four of its German plants, according to news reports. Read more at straitstimes.com. Read more at straitstimes.com.