VW faces crucial test as CEO pushes for deep cost cuts
VW Tiguan and Teron SUV automobiles on the assembly line at a factory in Wolfsburg, Germany. (Kriztian Bocci/Bloomberg) July 8, 2026 9:24 am, EDT key takeaways: Volkswagen CEO Oliver Blume is seeking the supervisory board’s support for a sweeping restructuring that could cut 100,000 jobs and close four German plants. The overhaul reflects growing pressure
