Volkswagen's controlling shareholders have urged the automaker to accelerate its restructuring efforts as the company faces mounting pressure from Chinese competitors, rising tariff costs and weakening profits, reported by CNBC.
Hans Dieter Pötsch, chairman of Porsche SE, said Volkswagen is at a "historic crossroads" and warned that delaying difficult decisions would further damage the company's competitiveness. Porsche SE, controlled by the Porsche and Piëch families, is Volkswagen's largest shareholder with 53.3% of the voting rights.
Porsche SE board member Johannes Lattwein said the company must reduce excess capacity, lower costs and improve execution, adding that every available option should be considered.
The report said Volkswagen CFO Arno Antlitz recently emphasized improving productivity and plant utilization, while remaining open to alternatives to job cuts or factory closures if more effective solutions emerge.
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Volkswagen’s top investor and controlling family shareholders on Friday issued their clearest message yet to management as the German auto giant weighs the prospect of what could be the most radical overhaul in the firm’s 89-year history.
— CNBC (@CNBC) August 7, 2026
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