Oliver Blume says he will avoid closing plants and will pursue "smarter solutions" for vulnerable sites such as Zwickau, Emden, Neckarsulm and Hannover while management seeks to protect tens of thousands of jobs.Volkswagen will reduce annual production capacity from 12M to 9M by 2030, plans to halve its model lineup by 2035 and intends to cut about 5,000 of 21,000 global management positions after achieving a 20% improvement in German factory costs last year.Global deliveries fell nearly 9% to 2.08M in the second quarter as China sales plunged more than one third; Europe and North America grew and electric vehicle orders, led by the new
ID. Polo, rose sharply while the works council has issued an ultimatum.