tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Volkswagen leaning against closing large plants in Germany, Reuters reports

Volkswagen’s (VWAGY) supervisory board is leaning against closing large plants in Germany to tackle the automaker’s cost crisis, though a final decision has not yet been made, Reuters reports, citing business monthly manager magazin said. Board members discussed ceasing production at the Dresden plant and selling the plant in Osnabrueck which employs around 2,300 people, according to the report.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1