The automotive conglomerate is drastically reducing its model portfolio.

We knew things were bad at the Volkswagen Group for a while, but the severity of the situation is downright shocking. In a worrying press release issued just minutes ago, the German automotive conglomerate revealed a sweeping plan to drastically downsize, not in a few years, but “with immediate effect.” It intends to reduce its model lineup across its brands by up to 50 percent. Yes, the portfolio could be cut in half, leaving only the models competing in the “most attractive market segments.”
— Adrian Padeanu, News Editor, Europe
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