Volkswagen (VW) is reportedly considering closing three German factories as part of a cost-cutting effort. The decision is intended to help the company cope with increasing competition and declining sales in Europe. While VW has not officially confirmed the move, industry insiders suggest that it may affect thousands of workers.

Source: https://www.bloomberg.com/news/articles/2024-10-28/vw-eyes-closing-three-german-factories-in-cost-cutting-push