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VW to halve model range, silent on 100,000 job cuts

News Snapshot:

TL;DRVolkswagen has confirmed it will cut its model lineup by up to half and shrink production capacity to nine million vehicles a year, as it fights the worst crisis in its history. But the official announcement gave no word on jobs, even as sources say CEO Oliver Blume wants to cut up to 100,000 posts and close four German plants. The plan triggered union protests and a supervisory-board clash on 9 July, opening what looks like a long and bitter fight. Volkswagen has announced plans to gut its sprawling product range as it fights the worst crisis in its history….

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