VW may close four factories to adapt to the future, report says

Volkswagen Group is considering what was previously unthinkable: closing up to four factories in Germany and instituting layoffs that would shrink the workforce by 15 percent. 2025 was a bad year for Europe's largest automaker. Its sales were essentially flat, but profits were anything but, dropping 44 percent to just 6.9 billion euros ($7.9 billion) as operating margins more than halved.