CEO Oliver Blume stated that the previous volume planning is unrealistic given current market conditions, emphasizing that overcapacity is unsustainable. While no decisions have been made regarding plant closures, VW is exploring alternative methods, including ceasing production in Osnabrück and potentially relocating operations to defense companies. Concurrently, the company is reducing its workforce by 50,000 jobs across its core brand and subsidiaries Audi and Porsche to cut costs.