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Volkswagen Considers First-Ever Germany Factory Closures As Economic Troubles Mount

September 8th, 2024
Categories: News

Link: https://www.zerohedge.com/markets/volkswagen-considers-first-ever-germany-factory-closures-economic-troubles-mount

News broke Monday that Volkswagen is considering plant closures in Germany. The auto giant faces falling profits due to slowing sales in China and other major markets. This development comes as Europe's largest economy teeters on the verge of recession after reporting a slight contraction in second-quarter growth. Earlier this summer, VW's Audi revealed a billion-dollar investment in Mexico, as the company's future manufacturing could be overseas in the Americas.

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