Volkswagen to Cut Another 1 Million from Annual Capacity
By Reuters | 21 Apr, 2026
The world's second biggest carmaker is cutting production capacity on weakening global demand.
Volkswagen plans to cut its production capacity by another one million cars, CEO Oliver Blume said in an interview with business news outlet Manager Magazin published on Tuesday.
"On the one hand, we're investing heavily in products. At the same time, we've already taken extensive measures. We're currently looking at cutting a further million units of capacity to reflect the global market situation," Blume said.
Overall, Volkswagen aims to cut capacity to 9 million cars worldwide per year from originally 12 million, the CEO added.
(Reporting by Linda Pasquini, editing by Thomas Seythal)
Recent Articles
- Trump Extends Ceasefire Unilaterally
- Anterior to the Heart
- Meta to Capture Employee Mouse Movements, Keystrokes for AI Training
- Judge Blocks Trump Policies Stymying Solar, Wind Projects
- Thousands of Companies File Refund Claims As Tariff Refund System Opens
- Volkswagen to Cut Another 1 Million from Annual Capacity
- China's Changan Aims to Join World's top-10 Carmakers by 2030
- Great Wall Motor to Launch 10 New Cars for European Comeback
- Taiwan Exports Orders Surge to Fastest Pace in Over 16 Years
- Many Americans Question Trump’s Temperament