Carmaker expects to sell 3% fewer vehicles this year as it pushes through a programme that could eliminate 100,000 roles Volkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump in China, as the German carmaker pushes through a brutal cost-cutting programme ...
Source: [Guardian International](https://www.theguardian.com/business/2026/jul/24/vw-profits-plunge-and-deep-job-cuts-loom-amid-tough-chinese-competition)