CNBC
Volkswagen controlling families call for faster overhaul to fend off Chinese rivals
Friday, August 7, 2026
Volkswagen's controlling families called for accelerated operational changes to compete with Chinese automakers, according to reporting on statements from the company's top investor made Friday.
Original reporting: https://www.cnbc.com/2026/08/07/volkswagen-vw-porsche-autos-job-cuts.html