VW to slash 50,000 more jobs and reduce vehicle lineup

• VW to slash 50,000 more jobs
• The measures approved Thursday at a meeting in Wolfsburg double workforce reductions across VW Group brands since late 2024, while also paving the way for the company to slim its vehicle lineup by as much as half by 2035.
• The overhaul targets an operating margin of 9% by 2030 on annual sales of about 9 million vehicles.