Volkswagen’s board unanimously approved its Future Plan 2030, which calls for cutting its model portfolio by about 50 percent and reducing offering complexity by 75 percent.The automaker plans to eliminate 50,000 jobs by 2030, including management positions, while targeting annual sales of nine million vehicles and a 9 percent operating margin.Facing intense Chinese competition and excess European production capacity, VW will focus on profitable, technologically competitive models and reconsider operations at several German plants.