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Volkswagen Approved Plans to End Production at Four German Plants

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Volkswagen management has approved plans to end car production at four major plants in Germany. The company is weighing moving some output to lower-cost locations in the Czech Republic, Slovakia and Poland, while aiming to cut production costs dramatically by summer 2027. It is also considering portfolio changes, including possible stake sales in many subsidiaries, ending Porsche Taycan production from 2030, and cutting thousands of management roles.

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