Volkswagen To End Production At German Plant, a First In Company History

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An anonymous reader quotes a report from the New York Times: The last vehicle will roll off the assembly line at Volkswagen’s plant in Dresden, Germany, on Tuesday, marking the first time in the automaker’s 88-year history that it has closed a plant in its home country. Volkswagen warned of potential production cuts last year, as it faced shaky demand in Europe and China, its biggest market, as well as higher tariffs that have crimped sales in the United States.

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Volkswagen To End Production At German Plant, a First In Company History


An anonymous reader quotes a report from the New York Times: The last vehicle will roll off the assembly line at Volkswagen’s plant in Dresden, Germany, on Tuesday, marking the first time in the automaker’s 88-year history that it has closed a plant in its home country. Volkswagen warned of potential production cuts last year, as it faced shaky demand in Europe and China, its biggest market, as well as higher tariffs that have crimped sales in the United States.

After 24…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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