Volkswagen to axe half its model range in cost-saving drive – and it could trigger factory closures and 100,000 job cuts

Europe's largest automaker is under unprecedented pressure to restructure ‌the business as it grapples with high costs, excess production capacity and declining sales in major markets. Europe's largest automaker is under unprecedented pressure to restructure ‌the business as it grapples with high costs, excess production capacity and declining sales in major markets.