Volkswagen Sets Nine-Million-Vehicle Capacity Target as Board Resistance Hardens Over Job Cuts

Oliver Blume's plan to halve the model range and eliminate up to 100,000 positions now carries explicit conditions that unions and directors can use to stall closures before any money or severance moves.

Volkswagen has fixed its annual production capacity at nine million vehicles and directed chief executive Oliver Blume to cut the model range by half by 2030. The targets address a first-half China sales drop of 26 percent that could not be offset by gains in Europe and North America. The same shortfall has now converted earlier cost-cutting ideas into binding restructuring terms.

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