According to multiple reports, Volkswagen Group is preparing the biggest restructuring in its 89-year history. The plan reportedly includes cutting the number of models across its brands, from Volkswagen and Audi to Porsche, Skoda, Cupra, Bentley and Lamborghini, by up to half, alongside up to 100,000 job cuts and the closure of four German plants: VW's Hanover, Zwickau and Emden sites plus Audi's Neckarsulm. The drivers are Chinese competition, US tariffs, tighter regulation and falling European demand. Q1 2026 net profit fell 28% to 1.56 billion euro. These remain reported plans under discussion, not confirmed decisions.