German Finance Minister Lars Klingbeil gives 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)