Audi considers closing Brussels plant due to EV sector challenges; 3,000 jobs at risk.

Audi is contemplating closing its Brussels plant, which highlights broader challenges in Europe's electric vehicle (EV) sector, including low demand and fierce competition from cheaper Chinese models. The factory's closure could jeopardize 3,000 jobs. The European Union is considering imposing up to 36% tariffs on Chinese EVs to protect local manufacturers, but some member states, like Spain and Germany, oppose this due to potential trade repercussions.

September 16, 2024
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