Volkswagen warns of potential closure for the Audi Brussels site due to sluggish demand for luxury electric cars, impacting margins and operations significantly in upcoming years.
Audi's Q8 e-tron sales decline leads to considerations of production cessation by 2025, reflecting broader challenges faced by automakers amid unexpected EV demand slumps.
The Brussels plant grapples with long-standing structural issues and high logistics costs, prompting Volkswagen to initiate consultation on future operations with potential closure looming.
Parent company Porsche SE revises earnings forecast downwards to 3.5-5.5 billion euros in response to Volkswagen's margin reduction and financial impact from plant closure considerations.
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