Volkswagen CEO says automaker weighing 50,000 additional job cuts

Volkswagen's CEO has disclosed that the company is contemplating up to 50,000 more job cuts, adding to a potential total of 100,000 reductions across all brands due to a 20% cost disadvantage. This move highlights the automaker's struggle to compete amid shifting market demands and escalating production costs. Such significant layoffs underscore the broader challenges in the auto industry, where companies are grappling with technological shifts and regulatory pressures, potentially reshaping the landscape of global manufacturing.