VW Cuts Models, Costs Without Closing Plants | San Francisco News

Volkswagen’s CEO Oliver Blume is slashing costs smartly—no factory shutdowns in sight—as the automaker fights to turn around its finances amid fierce competition, especially in China. Already cutting factory expenses by 20% in Germany, VW plans to halve its car lineup as part of a bold “fundamental realignment” aimed at boosting profits without layoffs. Blume stresses that while customer demand remains strong, the company must tighten belts across the board to stay profitable and competitive globally. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0bd3f6de5d9a9043