Volkswagen’s German legacy at risk — will plant closures mark a turning point?

With rising costs and global competition, Volkswagen is considering an unprecedented move in Germany

Volkswagen is set to make an unprecedented move: closing three German factories in a drastic cost-saving effort aimed at cutting over $4.3 billion.

The announcement signals a significant shift for VW, a brand that has maintained a strong presence in Germany since its founding.

Daniela Cavallo, head of VW’s works council, didn’t provide a list of impacted factories when announcing the cost-cutting measures earlier this week, but closures could impact production of the Golf GTI and R.

Read full article