Volkswagen reboots strategy with massive job cuts and ambitious EV targets
21 June 2026
Volkswagen Group is cutting 50,000 jobs and streamlining its global factory network to finance an aggressive transition toward low-cost electric cars by 2030.
VW is victim of previous direction. Cheating on pollution figures during many years has a direct financial cost, In the USA, they were fined by the states and had to pay 5000$ to each customer. The unique solution is to cooperate with chinese constructors which are technically more advanced in hardware and software.
If they don't, there will be a lot of factories to sell. Personaly, i won't cry for firms that practice treachery, They had a very light punishment in EU (thanks to the german president) because if it had been the same than in the US, there would be bankrupted.
- 3 hours ago
- pGV