Key facts
- Volkswagen declined to comment on a report by Manager Magazin.
- The report claims Volkswagen aims to cut up to 100,000 jobs globally.
- Volkswagen stated its current business model is not sustainable for all brands.
- The company cited a far-reaching transformation within the automotive industry.
Volkswagen on Friday declined to comment on a report by Manager Magazin that stated the automaker aims to cut up to 100,000 jobs worldwide over the next few years. In a statement, the company said, "The relevant facts of the matter will be discussed and approved by the relevant bodies. We will not pre-empt this process." Volkswagen's Group Executive Board has previously emphasized that its current business model is not sustainable for all brands, noting that both the group and the broader automotive industry are undergoing significant transformation.