2024-09-03 05:50:08
Automotive
Business
Volkswagen Contemplates Historic Plant Closures amid Economic Concerns
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gmx
Economy
Politics
CDU leader Merz criticizes that Germany is not competitive enough. VW is planning cost-cutting measures. Merz also sees other industries affected, such as chemicals and mechanical engineering.
zeit
Automotive Industry: Merz on VW Plans: Germany Not Competitive Enough
Economy
Politics
CDU leader Merz criticizes Germany's lack of competitiveness in the automotive industry. Volkswagen is planning cost-cutting measures, but is not granting any plant closures. Merz warns against one-sided electromobility. Politics influences industrial competition. VW is declared a restructuring case.
Yahoo News
VW considers historic German plant closures in cost drive
Economy
Politics
Volkswagen's plan to close German factories faces opposition from the powerful IG Metall union and worries Chancellor Scholz's government. The economy ministry calls for responsibility, while works council head Daniela Cavallo promises an "uncomfortable" meeting as top executives address the works council.
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