On January 21, 2026, Volkswagen Group announced a major restructuring plan aimed at achieving cumulative cost savings of 1 billion euros by 2030. According to the plan, by the summer of 2026, the number of board members at Volkswagen's core brand group (including Volkswagen Passenger Cars, Skoda, Seat/Cupra, etc.) will be reduced from 29 to 19, a decrease of approximately one-third. After the adjustment, each brand will retain only four core executives, responsible for operations, finance, sales, and human resources, respectively. Meanwhile, key functions such as R&D, procurement, and production will be centrally managed by the headquarters in Wolfsburg. Additionally, Volkswagen plans to divide its more than 20 core brand factories worldwide into five production regions to enhance the utilization of production resources. This restructuring represents a crucial move by Volkswagen to address industry transformation and competitive market pressures.