German automotive giant Volkswagen AG (VLKAF.PK, VOW.DE) has unveiled a sweeping transformation program called Future Plan 2030, built around 12 strategic initiatives targeting stronger and more resilient global operations.
The program outlines a Group-wide workforce reduction of approximately 50,000 positions, spanning frontline roles as well as management across the organisation.
Volkswagen is targeting annual vehicle sales of 9 million units and an operating margin of 9 percent by 2030, which the company says corresponds to an operating result of approximately 31 billion euros.
The automaker has set a target of 37 billion euros in overhead costs as part of its broader effort to drive efficiency across its global business structure.
Capital expenditure and research and development spending is projected at 135 billion euros across the planning period running from 2027 to 2031.
Volkswagen has also committed to investing a three-figure billion sum over the coming years to make its iconic brands more attractive, stronger and more competitive in global markets.
By 2035, the company plans to streamline its model portfolio by around 50 percent, while simultaneously reducing its offering complexity by approximately 75 percent.
The scale of those portfolio changes signals a decisive shift in how Volkswagen intends to position itself against intensifying competition from both traditional rivals and newer electric vehicle manufacturers.
In a separate announcement, Volkswagen confirmed the appointment of Erika Rasch to the Group Board of Management, effective October 1, 2026, where she will also serve as Labor Director with responsibility for Human Resources.
Marianne Heiß has additionally been appointed by court order to serve as a Supervisory Board member for Volkswagen AG until the next Annual General Meeting, effective immediately.
The breadth of Future Plan 2030 reflects the significant pressures facing legacy automakers as they navigate shifting consumer demand, electrification timelines, and rising production costs across global markets.
Volkswagen’s restructuring ambitions represent one of the most significant strategic resets in the company’s recent history, with the dual goal of protecting competitiveness while delivering sustainable long-term profitability.
