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recently, according to media reports, volkswagen issued a statement on september 2: volkswagen has made a historic decision and may close two factories in germany in order to further cut costs.

volkswagen, a veteran german automaker, said it is considering closing a car plant and a parts plant in germany to cut costs. it is reported that this will be the first time in volkswagen's history that a german factory has been closed, which means that it will abandon its promise not to lay off employees before 2029. the move was strongly protested by the union, but received positive feedback in the market.

"the economic environment has become more difficult, new players are entering europe and germany is falling further behind in terms of competitiveness as a business location," volkswagen ceo oliver blume said in a statement.

volkswagen mentioned in a memo that "the brands under the volkswagen group must be comprehensively restructured." this restructuring not only involves adjustments to the brand structure within the company, but also includes the possibility of closing factories, especially considering the gradual lag in competitiveness of germany as a manufacturing base.

volkswagen group's first quarter financial report this year showed that sales in the first quarter reached 75.5 billion euros, a year-on-year decrease of 1%; operating profit was 4.6 billion euros, a year-on-year decrease of 20%; global sales were 2.1 million units, a year-on-year decrease of 2%. the second quarter financial report showed that the second quarter revenue was 83.34 billion euros, a year-on-year increase of 4.1%; operating profit was 5.46 billion euros, a year-on-year decrease of 2.4%; global sales were 2.244 million units, a year-on-year decrease of 3.8%; and vehicles delivered in the first half of the year were 4.348 million units, a year-on-year decrease of 0.6%. the overall performance of the financial report data for the two quarters was average, especially in terms of operating profit. volkswagen group's performance in the first half of the year was not ideal, which may also be the reason for volkswagen's spending cuts.