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Volkswagen supervisory board approves workforce and model portfolio cuts plan

Volkswagen’s supervisory board approved a plan to reduce its workforce and model portfolio to navigate a bumpy auto industry. By 2035, it targets cutting the model portfolio about half and lowering offering complexity about 75%.

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By Katherine HamiltonVolkswagen's supervisory board approved a plan to significantly reduce its workforce and model portfolio in an effort to navigate a bumpy auto industry.By 2035, the auto maker aims to cut its model portfolio by about half and lower its offering complexity by about 75%.

Volkswag…