Volkswagen is contemplating the closure of four German factories and up to 100,000 job cuts due to intense competition from Chinese automakers.

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.