The carmaker faces mounting pressure from Chinese rivals, stiff US import tariffs and dwindling demand in Europe

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.

With falling sales in the US and especially China, VW Group wants to restructure.