Volkswagen has announced the closure of the factory in Dresden, a first in the company's 88-year history in Germany. This decision is the result of weak sales in China, reduced demand in the European market, and the impact of tariffs imposed by the U.S. The company is facing financial difficulties, with an estimated investment budget of 160 billion euros for the next five years, but cash flow pressures are also expected in 2026. The Dresden factory, which has produced fewer than 200,000 vehicles since 2002, will be transformed into a research campus for the Technical University of Dresden, with a joint investment of 50 million euros. Volkswagen will continue to use the facilities for car deliveries and as a tourist attraction.
Sources
O nouă lovitură pentru un gigant auto european. Închide pentru prima dată în istoria sa o fabrică din Germania
Pentru prima dată în cei 88 de ani de activitate, Volkswagen oprește producția la o fabrică din Germania
Premieră negativă la Volkswagen după 88 de ani. Grupul închide pentru prima dată o fabrică în Germania
Volkswagen își va închide pentru prima oară în istoria sa de 88 de ani o fabrică din Germania
Latest News
12:05
People with ADHD have a 48% higher risk of gastrointestinal symptoms, according to an analysis of 23 studies
11:55
Valérie Hayer proposes a pact with Canada for a joint response to trade coercion
11:53
Diana Buzoianu announces the definitive recovery of 33 hectares on the Tuzla cliff
11:46
Tucker Carlson claims that Donald Trump directly ordered the cover-up of the Epstein files
11:42
Bloomberg: Russia uses North Korean workers to produce drones intended for the war in Ukraine
See more news