VW to drop niche models, starting with Arteon

Volkswagen plans to cut niche models like the Arteon hatch and wagon to improve efficiency of its operations and in turn boost profits, the automaker said on Wednesday. The new strategy, which aims to improve earnings by 10 billion euros (approximately $10.8 billion) and grow return on sales to 6.5% by 2026, without cutting jobs or wages, was…