Volkswagen will halve its model range, but stays silent on the 100,000 job cuts

Volkswagen plans to reduce its vehicle model lineup by up to 50% and cut production capacity to nine million units annually as part of a major restructuring amid financial challenges. While the company has not officially addressed job cuts, reports suggest CEO Oliver Blume aims to eliminate up to 100,000 positions and close four German factories, prompting union protests and board disputes. The company faces pressures from high costs, competition in China, and market shifts affecting its profit.