VW May Shut Three German Car Plants as Fortunes Tumble

GALWAY, IRELAND--November 8, 2024--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--German car-making giant Volkswagen AG (VW) (Wolfsburg, Germany) has unveiled major cost-cutting measures that might include the closure of up to three German manufacturing plants, reducing investment in planned projects, wage reductions and job cuts. Within this article: Details major restructuring plans at VW, reasons, impact, potential plant closures, job losses, reduced project investment, wage cuts