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Volkswagens Audi No Profitable Option Found Yet for Threatened Brussels Plant

Volkswagen’s Audi: No Profitable Option Found Yet for Threatened Brussels Plant

BERLIN – Volkswagen’s Audi management hasn’t yet come up with a profitable option for 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 September 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.

(Source: ReutersReuters)

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Jennifer Tacker
Jennifer Tacker is a staff writer at ABBO News. She holds a B.A. from the University of Waterloo and a B.Ed from Western University. Jennifer has been active in the stock market and crypto sector for a decade. She specializes in technical analysis and trading strategies.