For the first time in its 88-year history, the Volkswagen Group has decided to close one of its factories in Germany. This was reported by the Financial Times, citing information from the Kazinform agency and BELTA.
The closure of the factory in Dresden is due to financial difficulties arising from declining sales in Europe and China, as well as high import tariffs imposed by the United States. This decision is part of a broader program by Volkswagen aimed at cutting 35,000 jobs in Germany.
The factory will cease operations on December 16. Company representatives emphasized that this decision was made after careful consideration and is necessary from an economic standpoint.
Since the opening of the factory in Dresden in 2002, approximately 200,000 vehicles have been produced here. Now the territory of the factory will be transferred to the University of Dresden, which plans to create a research campus dedicated to the development of AI chips.
It is worth noting that the German automotive industry is currently experiencing its most challenging quarter in the last 15 years.
