Volkswagen's CEO has told employees a further 50,000 jobs could go at the struggling auto giant, according to an internal memo seen by AFP, confirming reports the group is targeting 100,000 cuts worldwide.

Volkswagen's CEO indicated potential for 50,000 more job cuts. This move aims to match competitor cost structures. The company already agreed to 50,000 reductions across its…

Volkswagen may double job cuts to 100,000 amid profitability crisis. No Fed rate cuts in 2026 at 78% YES.