Volkswagen launches sweeping restructuring, cuts 100,000 jobs and eyes Ducati sale and Lamborghini IPO

Volkswagen AG announced a restructuring plan that could eliminate up to 100,000 positions worldwide and shut four German production sites in Hannover, Zwickau, Emden and Neckarsulm. The plan also targets a reshaping of the group’s brand portfolio: the motorcycle maker Ducati is being considered for sale, while the super‑car brand Lamborghini may be floated on the stock market. The measures aim to fund the company’s shift toward electrification and software development and to reduce a cost base that has been strained by competition from Chinese manufacturers. Analysts note that proceeds from any asset disposals would mainly cover the restructuring costs, leaving little room for higher dividends.

The restructuring, valued at roughly €11 billion, includes a 15 % cut in investment spending and a reduction of the model range from about 150 to 100 vehicles. Volkswagen’s CEO Oliver Blume indicated that the plan will be presented to the supervisory board on 9 July. Potential buyers for Ducati have been discussed since 2017, and advisors are exploring a separate listing for Lamborghini as part of the broader strategy to streamline the group’s portfolio.