🚨JUST IN: VOLKSWAGEN TO CUT UP TO 100,000 JOBS AND SLASH INVESTMENT BY €30B CEO Oliver Blume plans to eliminate up to 100,000 positions worldwide over the next few years and reduce the company's five-year investment plan by from €160B to €130B. VW's operating profit collapsed 53% last year to its WORST margin since Dieselgate, and as Chinese rivals BYD and Geely now outsell the German automaker. Blume says the model of building cars in Germany for global export "no longer works."(Coin Bureau)