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VW Considers Historic German Plant Closures; Has "0ne, Maybe Two" Years To Turn Around

06 Sep 2024 | Abstracted from Car Magazine

"Volkswagen is considering its first ever plant closures in Germany, with the brand's chief financial officer Arno Antlitz saying during a meeting with plant workers that the brand has 'one, maybe two' years to turn its fortunes around...Volkswagen is reportedly facing a loss of demand of around 500,000 cars – a figure Antlitz says is equivalent to around two factories-worth of output.

"Volkswagen AG CEO, Oliver Blume, added that 'there are no more cheques coming from China."

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