Volkswagen plans to close four German plants by 2034, report says
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How crucial is the VW restructuring vote at the Supervisory Board on Friday?
September 3, 2026 4:00 PM EDTCiti highlighted the significance of Volkswagen's restructuring vote at Friday's supervisory board meeting in a note this week, arguing the German carmaker has few operational levers left to pull as it confronts uncompetitive domestic plants.
"Either VW cuts costs, or it loses market share," the bank told investors, adding that the plants were made unviable, less by the company than by decades of German industrial and... More
