How many models does the entire Volkswagen group sell around the world? 75? 125? How about 340 models. No that isn't a misprint. According to German business paper Handelsblatt, that is the amount all of the brands of the German automaker build. CEO Matthias Müller believes that is too many.
"The total number of our today around 340 model variants, we are in the course of reducing," Volkswagen CEO Matthias Müller at a press conference last week.
But how many models are going on the chopping block? Sources tell Handelsblatt that 40 plus models will be cut.
"A decision on how many models will be phased out or ceased has not been taken yet," said a Volkswagen spokesman to Reuters when asked for comment.