The closure of Volkswagen’s Dresden plant comes as the company buckles under cash flow pressure amid rising energy prices and other headwinds
Germany’s largest automaker, Volkswagen, is set to cease production at its Transparent Factory in Dresden on Tuesday, several media outlets have reported. Rising energy prices coupled with weak sales and US tariffs have subjected the company to considerable cash flow pressure in recent months.
The plant’s closure on Tuesday will be the first time in Volkswagen’s 88-year history that it has shut down a production line in its home country, Germany.
The Transparent Factory in Dresden has produced more than…
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