VW Crisis: Deepening Restructuring and Job Cuts

VW's crisis intensifies with Q2 profit down 33%, 100k job cuts, four plant closures, lineup halved, and CFO confirms overheads 30% above peers (updated). CEO Blume warns 'more than critical', considering additional 50k job cuts. Porsche ends Taycan production by 2030. VW plans to sell Ducati/Lamborghini, cut production to 9M units, and overhauls US strategy with a domestic pickup. German auto sector lost 42,300 jobs in H1 2026. Samsung Wallet adds Digital Key for VW EVs, a small SDV integration step. VW's Chinese flying car project crashed; local startups outpaced them.