Volkswagen has announced plans to reduce its model lineup by up to half. This decision comes after the company reported weak sales numbers, with group sales falling 8.6% in the second quarter.

Sales in China were particularly affected, plummeting by more than one-third. The company's CEO has outlined a plan to make Volkswagen more competitive through streamlined operations and reduced complexity.

Further details on the company's plans and how they will be implemented are available from the source. The announcement is part of Volkswagen's ongoing efforts to realign its business and improve performance.