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    Home > Investing > Volkswagen’s Audi in talks with potential investor for Brussels site
    Investing

    Volkswagen’s Audi in talks with potential investor for Brussels site

    Published by Jessica Weisman-Pitts

    Posted on October 29, 2024

    1 min read

    Last updated: January 29, 2026

    The featured image highlights Volkswagen's Audi Brussels plant, currently in talks with a potential investor. This site, crucial for luxury electric vehicle production, faces challenges as Audi shifts focus amid low demand for the Q8 e-tron.
    Audi Brussels plant discussing investment talks amid electric vehicle production challenges - Global Banking & Finance Review
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    Tags:sustainabilityinnovationAutomotive industryinvestmentemployment opportunities

    Quick Summary

    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)

    Frequently Asked Questions about Volkswagen’s Audi in talks with potential investor for Brussels site

    1What is a potential investor?

    A potential investor is an individual or entity that is considering investing in a business or project but has not yet committed funds.

    2What is cost-cutting?

    Cost-cutting refers to actions taken by a company to reduce its expenses and improve profitability, often involving layoffs or closing facilities.

    3What are electric vehicles?

    Electric vehicles (EVs) are cars that are powered by electric motors instead of internal combustion engines, using electricity stored in batteries.

    4What is employment impact?

    Employment impact refers to the effect that business decisions, such as layoffs or plant closures, have on job availability and workforce stability.

    5What is a working group?

    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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