Volkswagen is considering shutting two German factories, in what would be the carmaker’s first closures ever in its home country, as it struggles with the transition away from fossil fuels.

The Wolfsburg-based manufacturer informed its works council, which represents employees, that it was looking at closing “at least one larger vehicle manufacturing plant and one component factory in Germany” in order to find cost savings worth billions of euros. The VW proposals underline the difficulties traditional European carmakers are having in switching from profitable but polluting petrol and diesel cars to cleaner but currently less profitable electric vehicles.

Disclaimer:

The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of the podcast creators, sponsors, or affiliates. The content provided is for informational and entertainment purposes only and should not be considered as professional advice. Listeners are encouraged to conduct their own research and consult with relevant professionals before making any decisions based on the information provided in this podcast. The podcast creators, shall not be liable for any errors or omissions in the content, nor for any damages or losses arising from the use of or reliance on the information presented herein. By listening to this podcast, you agree to release the podcast creators, sponsors, and affiliates from any and all liability associated with the content. Thank you for your understanding.

#volkswagen #germany #automobile #worldnews #volkswagenlatestnews #latestnews #KnowledgeIsPower #EngagingInsights #LearnAndGrow #FactFinder #spotify #podcast #tamil #voiceofmagesh