Volkswagen to cut 50k-100k more jobs, halve model lineup in crisis plan

Volkswagen expands its crisis plan with an additional 50,000-100,000 layoffs and a radical reduction in supply, halving the number of car models produced. A proposal to convert a factory into an armory was scrapped after opposition from Qatari investors, who hold a stake in the company. The move signals deepening structural challenges in the European auto sector, with significant implications for employment and supply chains.