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UK car sales hit eight-year high in August; Volkswagen approves another 50,000 job cuts – business live
Rolling coverage of the latest economic and financial news Elsewhere in the car sector, Volkswagen’s supervisory board has agreed to back a sweeping overhaul that will cut another 50,000 jobs and could lead to plant...
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“The Supervisory Board has unanimously approved the Executive Board’s Future Plan presented today. This is a strong signal for the future of the Volkswagen Group.
Key points
- We are taking responsibility for our entire workforce, for our partners and for industrial jobs worldwide.
- Over the coming years, we will invest a three-figure billion sum to make our iconic brands even more attractive, stronger and more competitive.”
Publication context
This story is part of the Business coverage. The source identified for the original reporting is The Guardian. Published on September 4, 2026 at 02:31.
Editorial summary prepared by 365 Breaking News from the information attributed on this page to The Guardian.
Elsewhere in the car sector, Volkswagen’s supervisory board has agreed to back a sweeping overhaul that will cut another 50,000 jobs and could lead to plant closures.
WV announced last night that “after intense and constructive discussions”, the Supervisory Board has unanimously approved the comprehensive Future Plan 2030 drawn up by chief executive Oliver Blume.
“The Supervisory Board has unanimously approved the Executive Board’s Future Plan presented today. This is a strong signal for the future of the Volkswagen Group. We are taking responsibility for our entire workforce, for our partners and for industrial jobs worldwide. Over the coming years, we will invest a three-figure billion sum to make our iconic brands even more attractive, stronger and more competitive.”
Source: The Guardian
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This editorial update is based on information published by The Guardian. The source link is provided for transparency and verification.
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