Christianne Benner

Money Moves

Backed the compromise after securing no-immediate-closure assurances

Volkswagen's supervisory board approved a plan to cut 50,000 more jobs, doubling its planned workforce reductions to 100,000 by 2030. Four German plants will phase out their current models between 2031 and 2034, and VW will halve its lineup of roughly 150 models.

Updated 2 hours ago