{"id":133425,"date":"2024-09-03T07:30:18","date_gmt":"2024-09-03T04:30:18","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/volkswagen-considers-german-plant-closures-to-save-billions-in-costs\/"},"modified":"2024-09-03T07:30:18","modified_gmt":"2024-09-03T04:30:18","slug":"volkswagen-considers-german-plant-closures-to-save-billions-in-costs","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/volkswagen-considers-german-plant-closures-to-save-billions-in-costs\/","title":{"rendered":"Volkswagen considers German plant closures to save billions in costs"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/133425\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nVolkswagen is considering shutting two German factories, in what would be the carmaker\u2019s first closures ever in its home country, as it struggles with the transition away from fossil fuels. The Wolfsburg-based manufacturer on Monday informed its works council, which represents employees, that it was looking at closing \u201cat least one larger vehicle manufacturing plant and one component factory in Germany\u201d in order to find cost savings worth billions of euros.<\/p>\n<p>The VW proposals underline the difficulties traditional European carmakers are having in switching from profitable but polluting petrol and diesel cars to cleaner but currently less profitable electric vehicles. European and US carmakers are also under increasing pressure, particularly from Chinese electric vehicle manufacturers which have lower costs and higher profit margins.<\/p>\n<p>Ford last month cited Chinese competition when it cancelled a plan to build a new electric SUV and delayed an electric pickup truck. General Motors, Mercedes-Benz and Volkswagen\u2019s Bentley have delayed electrification plans, while the electric car pioneer Tesla is struggling to revive falling sales.<\/p>\n<p>The EU has announced additional tariffs ranging from 17.4% to 37.6% on Chinese imports, which already carry a 10% import levy, arguing that the companies have benefited from heavy and unfair state subsidies. However, such is the cost advantage that many Chinese manufacturers may still be able to sell cars profitably in Europe.<\/p>\n<p>Oliver Blume, the Volkswagen group chief executive, said: \u201cThe European automotive industry is in a very demanding and serious situation. The economic environment became even tougher, and new competitors are entering the European market. \u201cIn addition, Germany in particular as a manufacturing location is falling further behind in terms of competitiveness. In this environment, we as a company must now act decisively.\u201d<\/p>\n<p>Volkswagen controls its eponymous brand as well as Audi, Porsche, Seat, \u0160koda and others. It said in July that it was considering closing an Audi factory in Belgium \u2013 its first proposed European factory closure, and the first for the group globally in 40 years. However, closure of a factory in the mighty German automotive industry would represent a big strategic turn for the company, and would be highly politically controversial. Germany\u2019s economy has been dancing on the edge of technical recession for nearly two years, a backdrop weighing heavily on the car industry just as it looks for the cash to build new electric cars.<\/p>\n<p>Fears of Volkswagen factory closures add to pressure on the chancellor, Olaf Scholz, over the ailing economy and the rise of the far right after the parties in the country\u2019s ruling coalition lost an election in the German state of Thuringia to Alternative f\u00fcr Deutschland. It was the first time a state election had been won by a far-right party since the Nazi period. The VW works council said all German factories under the group could be at risk.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/sep\/02\/volkswagen-vw-germany-plant-closures-cars-electric-vehicles\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/sep\/02\/volkswagen-vw-germany-plant-closures-cars-electric-vehicles\">The Guardian<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/volkswagen-considers-german-plant-closures-to-save-billions-in-costs\/\">Volkswagen considers German plant closures to save billions in costs<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[3919,555,1025,15948],"class_list":["post-133425","post","type-post","status-publish","format-standard","hentry","category-news","tag-close","tag-csr-news-en","tag-factory","tag-volswage"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/133425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=133425"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/133425\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=133425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=133425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=133425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}