Audi to cut 9,500 German jobs by 2025, shakes up leadership

Audi plans to eliminate roughly 15 percent of its German workforce to eventually lift earnings by 6 billion euros ($6.6 billion) as Volkswagen Group’s largest profit maker pushes ahead with a restructuring plan to help adapt to the costly transition to electric cars. The luxury brand also named new finance, procurement and personnel chiefs in a shakeup of top management ahead of the arrival of its new CEO, Markus Duesmann.