Volkswagen has announced plans to cut 50,000 jobs in Germany by 2030 as its profits have dropped to their lowest point since 2016.

• Net profit after tax fell from €12.4bn to €6.9bn in 2025.
• The cuts will affect the Volkswagen Group, including brands like Audi and Porsche, under the direction of Chief Executive Oliver Blume.
• Factors contributing to the downturn include US import tariffs, intense competition from China, and high restructuring costs for the shift to electric vehicles.