VW puts a $18.6bn price tag on cutting excess capacity Volkswagen could spend up to €16bn ($18.6bn) on job cuts and potential plant closures as it tackles around 500,000 units of excess capacity across its European manufacturing network. Timo Gilgen
VW’s four German plants gain time, but no certainty The Volkswagen Group wants to cut a further 50,000 jobs in the coming years, reduce the number of its models and hold fewer company shareholdings. Four plants remain on the brink. Timo Gilgen
