Volkswagen aims to cut costs by 20% by 2028 as it reshapes the business for a tougher market.
Plant closures remain a possible part of the programme.
Chief executive Oliver Blume and finance chief Arno Antlitz presented the plan to senior managers.
The goal is to secure sustainable profits despite falling sales, high costs and the rapid growth of Chinese brands in Europe.
An earlier restructuring already included 35,000 job cuts by 2030 and €10bn in planned savings.
The company says previous measures have produced savings in the double-digit billions and helped absorb geopolitical pressures such as US tariffs.
The overhaul comes as the EU trade deficit with China continues to widen and German carmakers remain deeply tied to the Chinese market.
Details on where the new savings will be made have not yet been announced.
