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    "headline": "Volkswagen Shares Rally After Board Approves Radical Restructuring Plan",
    "dek": "Volkswagen shares rose over 4% after the board approved a plan to cut 100,000 jobs and halve its model lineup by 2035.",
    "prose": "The board's unanimous approval of Chief Executive Oliver Blume's plan, dubbed Future Plan 2030, will double planned job cuts to 100,000 and slash the model lineup by roughly half. [^1]\n\nVolkswagen shares rallied more than 4% in early German trading on Friday after the automaker's supervisory board approved a sweeping restructuring plan. [^2]\n\nVolkswagen preferred shares rose by nearly 10% to reach the top of the DAX index following the agreement on a savings package. [^3]\n\nThe company intends to eliminate 50,000 jobs, including management positions, on top of roughly 50,000 cuts already agreed to over the past two years. [^4]\n\nVolkswagen's operating margin stood at just 3.8% in the first half of the year amid U.S. import tariffs, sluggish demand in Europe, and mounting pressure from Chinese competitors. [^5]\n\nPorsche SE, the major shareholder of Volkswagen, saw its shares rise by more than 6% in the MDAX ahead of the weekend. [^6]\n\nThe savings plan includes the elimination of 50,000 additional positions and puts four plants at risk. [^7]\n\nThe supervisory board of Volkswagen unanimously approved the savings package after weeks of disputes and uncertainty. [^8]",
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