Volkswagen says it must reduce excess capacity

July 9 (Reuters) - Volkswagen said on Thursday it will have to reduce excess capacity at the company, as the groups that control Europe's largest carmaker meet to discuss plans to slash tens of thousands more jobs and close factories.

"The aim (of the plan) is to make the Volkswagen Group – including all its brands and subsidiaries – faster, more resilient and more competitive," a spokesperson for the company told Reuters.

(Reporting by Linda Pasquini, editing by Kirsti Knolle)