(ANSA-AFP) - FRANKFURT AM MAIN, SEP 2 - German automotive
giant Volkswagen said Monday it could close production sites in
Germany, as the auto industry struggles to manage rising costs.
"In the current situation, even plant closures at vehicle
production and component sites can no longer be ruled out,"
Volkswagen said in an internal memo sent to employees and seen
by AFP. Europe's largest auto manufacturer remained committed to
Germany as a "business location" but "headwinds have become
significantly stronger", VW brand CEO Thomas Schaefer was quoted
in the document as saying. The challenging conditions meant "we
must now step up our efforts" to secure the long-term success of
the company, Schaefer said in the note sent to employees.
(ANSA-AFP).
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