Volkswagen Targets 10% Margin by 2030 With €135B Plan, 50,000 Job Cuts

Volkswagen said its Supervisory Board unanimously approved its Group Target Picture 2030 transformation plan, focused on improving profitability, reducing complexity, and reshaping production. While the article doesn’t provide quantified targets, the approval signals management commitment to a turnaround-style strategy that could improve longer-term earnings power. The mention of a fund manager advising investors to exit Tesla and Apple is more opinion-driven than a direct company catalyst for VW.