Volkswagen to scrap half of product lineup as China, EV pressures mount - Yahoo Finance

Volkswagen to scrap half of product lineup as China, EV pressures mount Enthusiast cars like the sporty VW Golf R hatchback could be cut from lineups as CEO Blume seeks to reduce complexity Pras Subramanian · Senior Reporter Fri, July 10, 2026 at 12:18 PM EDT 3 min read VWAGY -1.08% P911.DE -2.80% VOW.DE -1.30% Volkswagen Group ( VWAGY ) is preparing to cut half its global product lineup as it fights a crumbling position in China, rising costs, and lagging EV sales.

VW, behind brands like its namesake passenger cars and Audi, Skoda, Bentley, and even Lamborghini, delivered 2.08 million vehicles worldwide in Q2, down 8.6% from a year ago. In China, deliveries plunged 36.6%, to 424,300, as the local market contracted and Chinese rivals kept gaining ground. The rest of Asia-Pacific fell 7.2%. Volkswagen Passenger Cars bore the brunt, shedding 14% globally in the quarter.