VW Group to Slash Lineup: Up to Half of Models Face the Axe
Volkswagen Group is implementing an immediate, sweeping restructuring plan to reduce its global model portfolio by up to 50 percent and slash optional equipment configurations by 75 percent. The conglomerate, which oversees brands including Audi, Porsche, and Volkswagen, is also capping annual production capacity at nine million vehicles to prioritize high-margin, high-value products in response … Read more
