Volkswagen plans to drastically cut its model lineup and further pare back capacity, as Europe's largest automaker considers a far-reaching overhaul that sources say could cost around 100,000 jobs.

Sources have said VW considering closing four German plants and cutting up to 100,000 jobs. Read more at straitstimes.com. Read more at straitstimes.com.

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