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Reading: Volkswagen’s plant closure will not be Europe’s last
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EU Newsroom™ > News > EU > Automotive > Volkswagen’s plant closure will not be Europe’s last
Automotive

Volkswagen’s plant closure will not be Europe’s last

EU Newsroom
Last updated: July 13, 2024 6:27 pm
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Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

European auto investors are accustomed to bumpy rides. The sector is known for its tendency to chase volume, at the expense of margins, and periodically end up on the skids. In this light, news that Volkswagen is pondering the closure of the Audi plant in Brussels is comforting. Expect others to be forced to follow in its tail lights.

VW’s move is somewhat of a rarity. It would mark the German carmaker’s first-ever plant closure in Europe. Ford’s Saarlouis plant…



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