Volkswagen Scales Back to Nine Million Vehicles as Restructuring Terms Widen the Board Split

Oliver Blume's plan to halve the model range and cut up to 120,000 positions now carries explicit board opposition that could stall the cuts before they reach the plants.

Volkswagen's chief executive laid out the sharpest contraction in the group's history this week, setting a target of nine million vehicles a year and trimming the lineup by half. The figures follow weeks of internal debate that have already moved the target job reductions from an initial 28,000 voluntary exits to a range that now reaches 100,000 or more, with four German plants named as possible closure candidates.

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