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VW Cuts Another 50,000 Jobs and Possibly a Brand: TDS
The Drive • • business
Key Points:
- Volkswagen’s board has approved a restructuring plan involving 50,000 additional job cuts, bringing the total to 100,000 out of a global workforce of over 650,000, while opting to seek alternatives to closing four plants.
- A leaked document suggests Volkswagen may retire the Seat brand in the coming years, maintaining only its performance spinoff, Cupra.
- BMW is recalling 190,000 older sedans in Germany due to starter relay issues that risk moisture-induced corrosion and fire, though this recall has not yet been issued in the U.S.
- The Alliance for Automotive Innovation urged the U.S. Congress to ban Chinese vehicle, software, and hardware imports from manufacturers like BYD and SAIC, while allowing non-Chinese companies exporting from China to continue operations.
- The Chevy small-block-powered Jensen Interceptor has been fully revealed, featuring a design with Camaro-like front-end styling.
