Volkswagen to Cut Capacity by One Million More Cars
CEO Oliver Blume told Manager Magazin that the automaker aims to lower annual capacity to nine million units. The move reflects current global market trends.
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VOLKSWAGEN AG is planning to reduce its global production capacity by an additional one million vehicles, according to statements made by CEO Oliver Blume. In an interview with Manager Magazin published on Tuesday, Blume explained that the move is intended to align the company's output with current market conditions.
