Volkswagen to Reduce Annual Production Capacity to 9 Million Vehicles

Volkswagen announced it will adjust production capacity to 9 million vehicles per year. Volkswagen will reduce its annual production capacity to 9 million vehicles and streamline its model range by up to 50 percent. Volkswagen also announced its model range will be focused on the most attractive market segments and gradually streamlined by up to 50 percent.

The complexity of its product range will be reduced by up to 75 percent, according to the announcement.