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Volkswagen sales plunge as German automaker lays out plan to slash number of brands
- Volkswagen reported an 8.6% drop in group sales to under 2.1 million vehicles in the second quarter, with sales in China falling by more than one-third.
- The company plans to cut its model lineup by nearly half as part of a 'fundamental realignment' to address the challenging environment.
- CEO Oliver Blume outlined strategies to make Volkswagen faster and more competitive by reducing complexity, focusing technologies, and aligning regional markets.
- Employees protested outside the Volkswagen plant in Zwickau to demand job protections and oppose plans to close the site.
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14 Articles
14 Articles
Associated Press News+13 Reposted by 13 other sources
Volkswagen sales plunge as German automaker lays out plan to slash number of brands
Volkswagen has reported weak sales numbers, with a significant drop in China. The company said Friday plans to cut its model lineup by nearly half.
·New York, United States
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Total News Sources14
Leaning Left7Leaning Right0Center7Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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