Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers.

Scrambling to cut costs, Germany's Volkswagen warns it could shutter factories in the automaker's home country amid rising competition.

Volkswagen, the leading automaker in Europe, is contemplating an unprecedented closure of its factories in Germany due to increasing

Volkswagen says it’s not getting the cost reductions that it needs - and won’t rule out plant closings in its home country Germany

Volkswagen is a unique case—half the seats in its supervisory board are controlled by labor representatives, who can determine the company’s future course.

German automotive giant Volkswagen said Monday it could close production sites in Germany, as the auto industry struggles to manage rising costs.

Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history.

Volkswagen is mulling the shutdown of factories in Germany for the first time in the German car giant’s 87-year history. The closures are a part of overall plans to achieve the required 10 billion euros (USD 11 billion) of measures necessary to keep the businesses competitive where markets are shrinking.

CEO Oliver Blume mentioned that Volkswagen might not meet its cost-cutting targets without closing some factories in Germany. With car sales dropping and the demand for electric vehicles not meeting expectations,