In Volkswagen’s deepening troubles, a reflection of the mounting risks facing Germany.
Volkswagen AG, Europe's largest automaker, plans to close at least three factories in Germany in an effort to cut costs and improve competitiveness. This is reported in a Volkswagen press release.
It is not a question of distributing the 35,000 job losses “fairly” between east and west Germany, but of preventing them.
ZWICKAU, Germany — Volkswagen’s state-of-the-art plant in this tidy eastern German city once symbolized the country’s bright manufacturing future. Now, it’s fertile territory for Germany’s rising far ...