03/09/2024  Volkswagen considers historic German plant closures in cost drive

Business


Volkswagen (VOWG_p.DE) ​is considering closing factories in Germany for the first time, in a move that shows the mounting price pressure Europe's top carmaker faces from Asian rivals.

Monday's move marks the first major clash between Chief Executive Oliver Blume, who analysts have described as more of a consensus builder than his often combative predecessor Herbert Diess, and unions that command substantial influence at VW.



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