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Сентябрь
2024

Volkswagen's 87-Year Streak of German Production Hangs in the Balance

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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.  Several financial outlets are reporting VW's potential factory closure plan,…