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Audi Plans to Cut 7,500 Jobs in Germany by 2029

Premium carmaker Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing "immense challenges" as the country's auto industry battles slowing electric vehicle demand and rising Chinese competition. The cuts—amounting to about 8 percent of Audi's global workforce—were aimed at boosting "productivity, speed and flexibility" at its …