2024-09-16 13:29:08
Automotive
Europe
Business
Mass Protests Erupt Over Potential Audi Factory Closure in Brussels
Image courtesy of : AFP (NICOLAS TUCAT)
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Tagesspiegel
Economy
Around 3,000 jobs could be lost at Audi in Brussels. On Monday, those affected will express their displeasure. Representatives from Germany are also expected.
DER SPIEGEL
Volkswagen: Analysts estimate costs for capacity reduction of up to 4 billion - DER SPIEGEL
Economy
Finance
Volkswagen, the Wolfsburg-based automaker, plans to reduce capacity by up to 4 billion euros; experts expect provisions of 3-4 billion euros; plant closures and job cuts of over 15,000 are possible; the European car market loses 2 million vehicles per year; VW has terminated collective agreements, including job security; Works Council chairwoman Daniela Cavallo wants to defend against job cuts; first round of negotiations on September 25; management sees capacity reduction as urgent.
Frankfurter Rundschau
Major demonstration and strike against planned closure of Audi plant: "Deindustrialization in Europe"
Major demonstration and strike against planned closure of the Audi plant in Brussels; Public transport in Brussels stops work in solidarity; Unions see the Audi case as a symbol of deindustrialization in Europe.
focus
Economy - Headwinds for Europe's Car Manufacturers
Economy
Politics
European car manufacturers like VW, Renault, and Stellantis are struggling with declining sales figures and overcapacity; Chinese competitors such as Lynk & Co, Chery, Great Wall Motor, and BYD are pushing into the European market; the Audi plant in Belgium, where the Q8 e-tron is produced, is at risk; the Renault plant in Douai and the VW plant in Dresden are facing sales problems with their electric cars; Stellantis brand Fiat produces the Fiat 500e at the Mirafiori plant, where production has..
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