Business & Finance
VW Scraps Advanced Factory Plan in Blow to Made in Germany
Key Points
Transportation VW Scraps Advanced Factory Plan as Earnings Squeeze Deepens Volkswagen AG is scrapping a major advanced-manufacturing project at its sprawling headquarter as falling profits force Europe’s biggest carmaker to rethink investment across its German factories. VW won’t implement its so-called Gamechanger manufacturing concept “in the form previously planned” in Wolfsburg because of the company’s strained finances, it said Wednesday. Work will continue on its next-generation...
Transportation
VW Scraps Advanced Factory Plan as Earnings Squeeze Deepens
Volkswagen AG is scrapping a major advanced-manufacturing project at its sprawling headquarter as falling profits force Europe’s biggest carmaker to rethink investment across its German factories.
VW won’t implement its so-called Gamechanger manufacturing concept “in the form previously planned” in Wolfsburg because of the company’s strained finances, it said Wednesday. Work will continue on its next-generation electric platform and models including the ID. Roc, a planned electric SUV.