The German car maker’s plan to axe tens of thousands of jobs and close four factories is just the start, as it eyes selling off assets to combat Chinese brands.

Volkswagen is reportedly planning up to 100,000 job cuts globally and may close four German plants as profits decline and Chinese EV competition

Volkswagen is weighing up to 100,000 job cuts as it accelerates a sweeping overhaul due to increasing pressure from Chinese rivals.