VW trims model lineup as sales slump deepens, hit by China

TL;DR Summary
Volkswagen posted a 8.6% Q2 sales drop to about 2.1 million vehicles, with China down more than a third, as it announced a plan to cut its model lineup by up to half to reduce complexity and overcapacity. Core VW deliveries fell about 14%, Audi down 8%, and Porsche down 18%, while Lamborghini, Skoda and the trucks unit rose. The move comes amid geopolitics, tariffs and regulatory pressures, prompting skepticism from analysts and protests at the Zwickau plant where production has shifted to EVs.
- Volkswagen sales plunge as German automaker lays out plan to slash number of brands ABC News - Breaking News, Latest News and Videos
- Volkswagen Is Cutting Production as Sales in China Plunge The New York Times
- Volkswagen to scrap half of product lineup as China, EV pressures mount Yahoo Finance
- The VW Group Is Gutting Its Lineup. Up To Half Its Models Could Die Motor1.com
- Volkswagen revamp plan blocked by labour opposition, sources say Reuters
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