BUSINESSBUSINESS INSIDER
Automakers are entering their decluttering era
Automakers are reducing costs by eliminating overlapping models and simplifying production amid competition from Chinese rivals. Volkswagen and Toyota executives highlight excessive vehicle variants as a cost driver, with Volkswagen planning to cut its global model lineup by 50% by 2030.
Mentioned
Related Signal
Adjacent reporting
- Volkswagen is planning to cut its model lineup by up to 50% and shrink production capacity
- Volkswagen sales plunge as German automaker lays out plan to slash number of brands
- Volkswagen will dramatically shrink its model lineup and factory footprint
- Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
- Volkswagen Plans to Cut Model Lineup by as Much as 50% (Video)