Volkswagen Group faces profit drops due to competition and is reviewing the future of its Emden plant.
3 reports, 3 independent
Updated Thu 00:00
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What happened
Volkswagen Group faces profit drops due to competition and is reviewing the future of its Emden plant.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.VW Group initiates restructuring for Audi amid sales struggles for Audi and Porsche.1 source
VW profit drops due to competition, prompting review of Emden plant future.1 source
VW is assessing multiple plant futures (Emden, Neckarsulm, Hanover) during restructuring.1 source
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The entities involved
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Volkswagen Group
German automotive manufacturing conglomerate
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Audi AG
German automotive manufacturing subsidiary of Volkswagen Group
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- Competition from Chinese manufacturers is impacting the sales and viability of established European automakers like Audi and BMW.