On June 25, Volkswagen shares rose 2.4% after announcing the sale of a majority stake in its engine unit Everllence for €7.4 billion ($8.41 billion). On June 26, Volkswagen announced plans to cut 100,000 jobs and end production at four German plants over the coming years, marking the most radical overhaul in the company's 89-year history. On June 28, Bild newspaper reported that Volkswagen plans to end its automated driving partnership with Bosch as part of cost-cutting and competitiveness efforts.
