Volkswagen considers closing factories in Germany for first time ...News

The car giant has cited tough economic times as the reason for cost-cutting measures Volkswagen may close down at least two factories in Germany and end job security schemes as part of a cost-cutting drive, the conglomerate has announced. The Volkswagen Group was the largest automaker in the world by sales volume as late as 2017. It owns car, truck and motorcycle brands such as Audi, Bentley, Lamborghini, SEAT, Skoda, Porsche, Scania and Ducati. Oliver Blume, chief executive of the VW Group, cited a “difficult economic environment” and “failing competitiveness of the German economy” among factors behind the decisi

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