British luxury car maker and global brand
Volkswagen has signalled a major restructuring plan, with reports that the group is weighing further job cuts and plant closures in Germany to cut costs and counter Chinese competition. The board meeting on July 9 will review potential closures of Hanover, Zwickau, Emden, and Neckarsulm, as part of a broader program to reduce costs and boost profitability.
Volkswagen has presented a restructuring plan that will cut model lines by up to half and reduce production capacity to about 9 million vehicles a year. Chief executive Oliver Blume has said the group faces a 20% cost disadvantage to rivals and has proposed a "theoretical" further 50,000 job reductions on top of earlier cuts, prompting union protests and board resistance.
This week has seen a string of new and updated cars: Skoda has launched the Epiq, its smallest electric SUV from £24,950; Mercedes has introduced a seven‑seat electric GLB with an 85kWh battery and up to 379 miles claimed range; Bentley has previewed the Torcal EV and a lighter Supersports coupe; Rivian has rolled out a smaller R2 SUV; Suzuki and Volvo have updated compact models and added full‑EV versions; Chinese brands Leapmotor and Toyota have new affordable EVs. Reviews highlight trade‑offs in range, ride and interior packaging.