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

Volkswagen VOW3 said its Supervisory Board unanimously approved the Group Target Picture 2030 transformation plan to improve profitability, reduce complexity, and reshape production, technology, and the organizational footprint. The initiative signals management alignment on a multi-year turnaround agenda, but no specific financial targets or near-term guidance were provided. Likely supportive for investor sentiment, with potential 1–3% stock move depending on details to follow.