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.

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 considering closing factories in Germany for the first time, in a move that shows the pressure Europe's top carmaker is facing from cheap Asian competition. The move marks the first major clash between Chief Executive Oliver Blume,