volkswagen jetta and new porsche 718 have reportedly been cancelledA sweeping cost-cutting agenda at the Volkswagen Group is expected to claim several well known names.While VW's official corporate comms surrounding its new "future plan" focused on cutting product complexity rather than immediate factory closures or labor layoffs, the automaker was quite clear last week that 50 percent of the group's global model portfolio is on the chopping block.Though VW has taken immediate steps to thin out the product mix, the automaker did not detail specific model terminations as part of its official announcement. German newspaper Bild claims to have an alleged "death list" of vehicles planned for cancellation as part of the reduction strategy.AdvertisementAdvertisementThe list includes some marquee names across the Volkswagen, Porsche, and Audi brands.volkswagen jetta and new porsche 718 have reportedly been cancelledVolkswagenJetta: Despite an iconic 40-year production run as an affordable entry-level sedan, the Jetta will reportedly not receive a next-generation replacement.Taos: The compact sub-Tiguan crossover is allegedly living on borrowed time and will be phased out at the end of its current lifecycle.PorscheTaycan: The high-end electric luxury sedan will allegedly be discontinued after its current generation concludes, leaving the model line without a direct successor.Cayenne Coupe: The fastback variant of the brand's flagship combustion SUV is reportedly slated for retirement.718 Boxster/Cayman (Gasoline): Despite executive promises made last year outlining an internal combustion comeback for the premium sports car tandem, the project has allegedly been cancelled.AudiQ5 Sportback & Q6 E-Tron Sportback: Both sloped-roof premium crossovers will finish their current production lifecycles but are highly unlikely to secure replacements.volkswagen jetta and new porsche 718 have reportedly been cancelled"There is no confirmed change to the North American Region lineup at this time, and any evaluations are focused on the longer term." Jessica Arntson, Volkswagen's Senior Product Communications Specialist, said when reached for comment by AutoGuide. "VWoA is focused on ensuring its lineup reflects what customers want, supports our dealers, and works in today's market environment."AdvertisementAdvertisementThe more premium sectors of the VW Group portfolio appear insulated from the initial cull. High-margin subsidiaries like Lamborghini and Bentley are absent from the leaked list.Both ultra-luxury marques maintain healthier profit structures and have already adjusted their long-term roadmaps by postponing full vehicle electrification goals. Furthermore, Bugatti is totally unaffected by the corporate restructuring, having completely severed ties with the parent company following Porsche's sale of its stake in the Bugatti Rimac joint venture.The reduction strategy is projected to save Volkswagen an estimated $7.4 billion in development and engineering overhead by 2031.Become an AutoGuide insider. Get the latest from the automotive world first by subscribing to our newsletter here.