A Nightmare Scenario for Volkswagen: Four Factories Could Close
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4 Articles
Up to 4 factories in the VW group are in danger of shutting down between 2031 and 2034, according to a report. A document leaked to the press before the next meeting of the group's Supervisory Board, with shareholders and employee representatives, marks the most plausible final of four of its plants in Germany, focusing its efforts on factories in other countries.The German model of the motor industry is reeling and in the Volkswagen group itsel…
A Volkswagen spokesman said the company does not comment on the content of supervisory board documents.
It's long been known that Volkswagen needs drastic cost savings to salvage its financial situation. New information has just emerged. According to rumors, one element of the restructuring program will be the closure of as many as four of the company's factories.
According to the financial director, they have no economically viable alternative production options to factory closures.
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