Published by Jessica Weisman-Pitts
Posted on October 29, 2024
1 min readLast updated: January 29, 2026
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BERLIN (Reuters) – Volkswagen’s luxury division Audi is in talks with a potential investor for its struggling Brussels plant, a company spokesperson said on Tuesday.
BERLIN (Reuters) – Volkswagen’s luxury division Audi is in talks with a potential investor for its struggling Brussels plant, a company spokesperson said on Tuesday.
A working group on alternative uses for the plant is also ongoing, said the spokesperson, who added that it has not yet come to a conclusion.
According to company sources, the potential investor is a commercial vehicle manufacturer.
Volkswagen, which could close three plants 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.
The factory currently makes Audi’s electric luxury SUV Q8 e-tron, but production of the vehicle will cease next February.
(Reporting by Christina Amann, Writing by Miranda Murray, Editing by Rachel More)
A potential investor is an individual or entity that is considering investing in a business or project but has not yet committed funds.
Cost-cutting refers to actions taken by a company to reduce its expenses and improve profitability, often involving layoffs or closing facilities.
Electric vehicles (EVs) are cars that are powered by electric motors instead of internal combustion engines, using electricity stored in batteries.
Employment impact refers to the effect that business decisions, such as layoffs or plant closures, have on job availability and workforce stability.
A working group is a team of individuals formed to work on a specific task or project, often with the goal of achieving a common objective.
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