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VW Group plans major job cuts while Middle East conflict may hit premium car demand

On March 10, Volkswagen Group announced its plans to cut about 50,000 jobs in Germany by 2030 to reduce costs by the end of the decade during its presentation of its 2025 annual results. The job cuts will affect brands including VW, Audi, Porsche, and CARIAD. As part of this plan, the company will also reduce product....

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