Volkswagen's Audi: no new project found yet for threatened Brussels plant

admin admin | 09-04 16:30

Volkswagen, which is no longer ruling out plant closures in Germany as part of a cost-cutting drive.
Volkswagen's Audi management has not yet come up with a profitable option of an alternative vehicle to produce at its threatened Brussels plant and is carrying on the search for external investment, a spokesperson said on Tuesday.

Management answered questions from employee representatives on the matter at an extraordinary meeting on the Brussels site on Tuesday, one of a series of discussions between both parties on how to proceed.

The carmaker announced separately on Tuesday that it was naming Thomas Bogus, currently project manager for the production of all-electric models in Europe and China, as the Brussels site's new plant manager starting Sept. 16.

He succeeds Volker Germann, who is taking on new tasks in the Audi Group, according to the carmaker.

"As plant manager, he will lead the Brussels site with care in this challenging period," said Audi car production chief Gerd Walker.

Volkswagen, which is no longer ruling out plant closures in Germany as part of a cost-cutting drive, said in July it was considering closing its Brussels site, which employs about 3,000 people, due to low demand for its higher-end electric cars.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...