Oliver Blume, left, Chairman of the Board of Management of Volkswagen AG and Porsche AG, and Thomas Sch'fer, Member of the Board of Management of the Volkswagen brand, take part in a work meeting in a hall at the VW plant in Wolfsburg, Wednesday, Sept. 4, 2024. Volkswagen has announced that it will tighten its austerity measures due to the tense situation of the core brand. Redundancies and plant closures can no longer be ruled out. (Moritz Frankenberg/pool photo via AP)