Volkswagen to Cut Model Range by Half Amid Crisis, Job Cuts Unaddressed

Volkswagen is set to slash its extensive lineup of car models by up to 50% as it navigates through one of the toughest periods in its history. The company plans to reduce its annual production capacity to nine million vehicles, down from the current 12 million. While these major adjustments signal a strategic shift, Volkswagen has not yet commented on reports of potential job cuts reaching 100,000 positions.