Volkswagen CEO aims to cut 100,000 jobs in major overhaul, Manager Magazin reports

Volkswagen CEO Oliver Blume is reportedly planning significant changes, including potentially cutting up to 100,000 jobs globally and closing four German plants. The company also aims to reduce investments by 15% over five years. These moves come as VW faces pressure from tariffs, Chinese competition, and the costly transition to electric vehicles. A company spokesperson declined to comment on confidential matters.