German Finance Minister Lars Klingbeil (L), Lower Saxony's State Premier Olaf Lies (C) and the chairwoman of the central works council of German car maker Volkswagen (VW) Daniela Cavallo (R) give a statement, on September 17, 2026 in front of the Volkswagen plant in Wolfsburg, Germany. German car giant Volkswagen had announced earlier in September 2026 that management and unions had agreed to cut a total of 100,000 jobs by the end of the decade, the biggest-ever restructuring in the global auto industry. (Photo by Ronny HARTMANN / AFP via Getty Images)