Volkswagen is preparing a major restructuring to cut costs by 20% by 2028.
Plant closures remain possible as the company responds to rising competition from China.
Chief executive Oliver Blume and finance chief Arno Antlitz outlined the plan to senior managers.
The goal is to secure stable profits despite falling sales, high expenses and rapid industry automation.
An earlier programme already targeted €10bn in savings and 35,000 job cuts by 2030.
Volkswagen says it has achieved savings in the double-digit billion-euro range so far.
The pressure comes as the EU’s trade deficit with China grows and Chinese carmakers expand in Europe.
Volkswagen remains deeply tied to the Chinese market through joint ventures.
Further details on where the new cuts will fall are expected with the company’s results in March.
