Volkswagen to cut 100k jobs, halve model lineup amid China competition

Volkswagen plans to lay off 100,000 employees and reduce its model range by 50%, while considering selling stakes in subsidiaries like Traton. This reflects deepening structural pressure from Chinese EV competition and tariff headwinds, signaling a major restructuring for Europe's largest automaker. The move underscores the sector's transition and potential broader economic implications for Germany.