Is the VW plant closing in Brussels?
BRUSSELS, Dec 12 (Reuters) – Volkswagen’s (VOWG_p. DE) , opens new tab Audi plant in Brussels will cease production by Feb. Audi spokesperson Peter D’hoore said on Thursday, after the company said no alternatives to closure had been found. The decision to close the Brussels factory is painful. German luxury car manufacturer Audi’s factory in the Brussels municipality of Forest is officially closing on Friday 28 February, 76 years after the first car rolled off the production line.Volkswagen’s Audi to halt Brussels production by Feb 28. BRUSSELS, Dec 12 (Reuters) – Volkswagen’s (VOWG_p. DE) , opens new tab Audi plant in Brussels will cease production by Feb. Audi spokesperson Peter D’hoore said on Thursday, after the company said no alternatives to closure had been found.A MAJOR car brand has permanently closed a huge EV factory and slashed 3,000 jobs after a global fall in demand. Audi announced it has shut down its Brussels plant for good – sparking fears production on the beloved Q8 E-tron could dramatically stop.
Is Audi shutting down?
Following Volkswagen’s announcements in Germany, Audi in Brussels has also decided that it will shut down on February 28, 2025. Until the actual shutdown, workers will not be laid off. Amongst the three largest auto manufacturing groups based in Germany, Volkswagen Group produced the most revenue from worldwide operations in 2024 with nearly 325 billion euros generated.Volkswagen headquarters in Wolfsburg Germany is one of the largest and most advanced car factories in the world.Volkswagen’s Crisis Highlights Germany’s Industrial Decline The company plans to shut down up to three factories and lay off tens of thousands of workers due to declining sales and rising competition, particularly from China.The auto maker’s top employee representative told workers that management planned to shutter three German factories to cut costs amid slumping sales. Melissa Eddy covers Volkswagen and German business from Berlin.
Which Audi is made in Belgium?
More than 3,000 employees are currently producing the Audi e-tron, e-tron Sportback, e-tron S, and e-tron S Sportback models. More than 115,000 units have been produced so far. Models from the e-tron family will also roll off the assembly line in Brussels in the coming years as well. Audi Hungaria develops and produces engines for AUDI AG and other Volkswagen Group companies. The site is the world’s largest plant for the production of drives. The company also produces the e-drives for the Audi Q8 e-tron and Audi Q6 e-tron there.
Did Ford buy Audi?
Today, the Volkswagen group owns dozens of high-performance automakers, including Lamborghini, Bugatti, Porsche, and Bentley. The question of who owns Audi and who makes Audi is simply answered with: The Volkswagen Auto Group. Volkswagen is owned and managed by Volkswagen Aktiengesellschaft, or Volkswagen AG.The Volkswagen brand is owned and managed by Volkswagen Aktiengesellschaft, also known as Volkswagen AG.On 1 August 2012, Volkswagen AG purchased the remaining stake in Porsche AG equaling 100% of the shares in Porsche Zwischenholding GmbH, thus making Porsche the second German wholly owned subsidiary of the group after Audi.
Who is Audi replacing?
Ahead of Audi’s arrival, Alfa Romeo will end their title sponsorship of Sauber at the end of the 2023 campaign. The Swiss team will continue to use Ferrari power units through to the end of 2025, before taking on Audi power for the following campaign. From last year the squad was rebranded as Kick Sauber, an identity that continues in 2025, ahead of the Audi takeover in 2026 which will see the team become the automotive giant’s works outfit.
Why is VW shutting down?
Volkswagen could shut down as many as three factories in Germany and lay off tens of thousands of workers as it seeks to regain its edge in Europe amid slumping sales and increased competition from China, the company’s top employee representative said Monday. One of the biggest distinctions between the two brands is the level of luxury inside the cabin. Volkswagens have well-built interiors with quality materials, but Audi takes it to the next level with premium leather, high-end trims, and better insulation for a quieter ride. Technology is another area where Audi excels.And no company symbolises these changes quite like Volkswagen, which is reportedly considering closing three of its ten German plants, axing tens of thousands of jobs and cutting pay, as it looks for €4bn in savings after seeing its profits massively eroded by Chinese competitors.There’s no denying that an Audi will have more of a premium feel than a Volkswagen, so it’ll feel like you’re getting a good deal if the Audi you’re looking at is the same price or not much more expensive than an equivalent Volkswagen.Volkswagen offers a range of features typically found in high-end vehicles, such as premium materials, cutting-edge technology, and advanced safety systems, all at an accessible price point. With Volkswagen, you can enjoy the finer things in life without breaking the bank.The primary causes of Volkswagen’s current difficulties include high production costs in Germany (especially labour and energy costs), low productivity, and the brand’s dependence on the Chinese market.