Volkswagen Mulls First-Ever Factory Closures in Germany

Volkswagen Group (ETR: VOW3), Europe’s largest automaker, is contemplating the closure of factories in Germany for the first time in its history. The company informed its works council on Monday that it is considering shutting down “at least one larger vehicle manufacturing plant and one component factory in Germany” as part of a cost-saving initiative … Continue reading Volkswagen Mulls First-Ever Factory Closures in Germany