Volkswagen is preparing a major restructuring to cut costs by 20% by 2028.
Reports say plant closures are possible as the group adapts to rising competition from China.
Chief executive Oliver Blume and finance chief Arno Antlitz presented the plan to senior managers.
The goal is to secure stable profits despite falling sales, high costs and rapid automation.
An earlier overhaul already included 35,000 job cuts by 2030 and a €10bn savings target.
Volkswagen says previous measures have produced double-digit billion-euro savings.
Pressure is growing as the EU trade deficit with China reached €359.3bn in 2025.
German carmakers remain deeply invested in the Chinese market through joint ventures.
Details on where new savings will come from are still unclear.
The company will outline its position when it announces annual results on 10 March.
