financetom
Business
financetom
/
Business
/
Volkswagen's Audi in talks with potential investor for Brussels site
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Volkswagen's Audi in talks with potential investor for Brussels site
Nov 3, 2024 1:53 PM

BERLIN (Reuters) - Volkswagen's luxury division Audi is in talks with a potential investor for its struggling Brussels plant, a company spokesperson said on Tuesday.

A working group on alternative uses for the plant is also ongoing, said the spokesperson, who added that it has not yet come to a conclusion.

According to company sources, the potential investor is a commercial vehicle manufacturer.

Volkswagen, which could close three plants in Germany as part of a cost-cutting drive, said in July it was considering closing its Brussels site, which employs about 3,000 people, due to low demand for its higher-end electric cars.

The factory currently makes Audi's electric luxury SUV Q8 e-tron, but production of the vehicle will cease next February.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lumen Technologies, Amazon Web Services Team Up to Expand AI-Focused Network Services
Lumen Technologies, Amazon Web Services Team Up to Expand AI-Focused Network Services
Oct 30, 2024
09:50 AM EDT, 10/30/2024 (MT Newswires) -- Lumen Technologies ( LUMN ) and Amazon's ( AMZN ) Amazon Web Services, AWS, said Wednesday they are teaming up to expand Artificial Intelligence-focused network services in the US. The companies said Lumen's fiber network will connect AWS Regions and Local Zones, supporting secure, high-bandwidth connections for AI model training and product deployment....
Grocery Outlet Names Eric Lindberg Interim CEO, Cuts Adjusted EBITDA Guidance
Grocery Outlet Names Eric Lindberg Interim CEO, Cuts Adjusted EBITDA Guidance
Oct 30, 2024
09:55 AM EDT, 10/30/2024 (MT Newswires) -- Grocery Outlet ( GO ) said Wednesday that it has named Chairman Eric Lindberg as interim chief executive and president, effective immediately. Lindberg, who was CEO or co-CEO from January 2006 through December 2022, succeeds RJ Sheedy, who stepped down and resigned from the company's board. The company said its board has hired...
Update: AbbVie's Q3 Earnings, Revenue Rise; Fiscal 2024 Adjusted EPS Guidance Lifted
Update: AbbVie's Q3 Earnings, Revenue Rise; Fiscal 2024 Adjusted EPS Guidance Lifted
Oct 30, 2024
10:27 AM EDT, 10/30/2024 (MT Newswires) -- (Updates with more details in the fifth paragraph and the latest stock move in the last paragraph.) AbbVie ( ABBV ) reported Q3 adjusted earnings Wednesday of $3.00 per diluted share, up from $2.95 a year earlier. Analysts surveyed by Capital IQ expected $2.92. Net revenue for the quarter ended Sept. 30 was...
Kraft Heinz Q3 Results: Earnings Beat, Revenue Dips, Sees 'Elongated Recovery' Across US Retail Business
Kraft Heinz Q3 Results: Earnings Beat, Revenue Dips, Sees 'Elongated Recovery' Across US Retail Business
Oct 30, 2024
Kraft Heinz ( KHC ) posts Q3 earnings of 75 cents per share, beating estimates, but reports a revenue decline and anticipates a prolonged recovery in U.S. retail.The Kraft Heinz Company ( KHC ) shares are trading lower on Wednesday. The company reported adjusted earnings per share of 75 cents, beating the analyst consensus estimate of 74 cents. Quarterly revenues...
Copyright 2023-2026 - www.financetom.com All Rights Reserved