VW Approves Plan for 50K More Layoffs, US Retail Diesel Hits Record | The Opening Trade 9/4/2026

Volkswagen's supervisory board approved a restructuring plan that includes 50,000 additional job cuts and a reduction in vehicle models and manufacturing facilities, according to the company. Chief Executive Officer Oliver Blume will lead the implementation of the plan. US retail diesel prices reached a nationwide average of $5.85 per gallon on Thursday, September 4, 2026, according to the American Automobile Association.

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