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Volkswagen shares surge as board approves 50,000 more job cuts — Sep 4, 2026Volkswagen unveiled its Future Plan 2030, including 50,000 additional job cuts and plant closures to cut costs and address tariff and China-driven pressure, a move that sent its shares higher amid broader market recovery. The German market, buoyed by VW’s restructuring and stronger factory orders, also benefited from Heidelberg Materials’ gains and general DAX strength, though investors remain wary of tariff and competition headwinds, with overall profitability under pressure.