Volkswagen will cut its model lineup by half and shrink capacity, but gave no word on the reported 100,000 job cuts and four German plant closures.

The Volkswagen Group plans to reduce the model lineup by as much as 50 percent. The number of options will decrease by up to 75 percent.

Volkswagen announced plans on Thursday to drastically pare back its model lineup and further reduce production capacity

Volkswagen plans to halve its model lineup amid job cuts and plant closures, facing tensions with labor representatives.

VW's plan calls for half as many models but didn't mention closures or job cuts.