Volkswagen Targets 10% Margin by 2030 With €135B Plan, 50,000 Job Cuts As the automotive industry navigates electrification and shifting consumer preferences, Volkswagen has unveiled a comprehensive plan to transform its business model and boost profitability by 2030.
The company's €135 billion investment plan and plans to eliminate 50,000 jobs aim to ensure the German giant remains competitive in an increasingly cutthroat market.
A key aspect of Volkswagen's plan is reducing overhead costs to €37 billion by 2030, a significant reduction from the current €48 billion.