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Key facts: VOW may close plants from 2031; CEO seeks China, defence
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Volkswagen AG Pref (VOW) may face staggered closures of three VW plants and the Audi Neckarsulm site starting in 2031 unless alternatives emerge; closures timeline begins in 2031. Volkswagen AG Pref (VOW): CEO Oliver Blume cited options to handle excess capacity—seeking China partnerships and defence contracts—part of a restructuring plan affecting plants and jobs. This is an AI-generated summary and may contain inaccuracies. Please verify any important information with…