India, March 18 -- Audi is planning to cut as many as 7,500 jobs in Germany by the year 2029 as it tries to improve its falling profitability.

This will impact the company's Ingolstadt and Neckarsulm plants primarily and the plan is to achieve medium-term savings of more than one billion euros annually, the automaker announced in a statement on Monday, March 17, 2025.

The layoffs are coming because, "the economic conditions are becoming increasingly tougher" and "competitive pressure and political uncertainties are presenting the company with immense challenges," Audi wrote in its official statement.

This is at a time when US President Donald Trump's tariffs are widely expected to hit European carmakers and also coincides with the fina...