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[Audi To Cut 7,500 Jobs In Germany By 2029, Invests In Electric Vehicle Production] Audi, Owned By Volkswagen, Will Cut Up To 7,500 Jobs In Germany By 2029, Mainly In Administration And Development, Aiming To Save 1 Billion Euros Annually. This Is Part Of A Larger Cost-cutting Initiative Within The Volkswagen Group, Totaling Nearly 48,000 Job Cuts Across VW, Porsche, And Cariad. Audi Plans To Invest 8 Billion Euros In Its German Sites And Will Produce A New Electric Model In Ingolstadt.
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