Volkswagen closes Dresden plant

Volkswagen has announced the closure of its Dresden plant — the first such decision affecting its production network in 88 years. According to Alexey Volkov, the decision was driven by 'economic challenges' and the 'green agenda,' under which the company failed to transition from internal combustion engines to electric vehicle production, while Chinese automakers successfully captured these market segments. The Dresden plant will cease operations in the coming weeks. This and other topics were discussed in the evening interactive podcast 'Volkov and Sych'.

Context

The Dresden plant was one of Volkswagen's largest facilities in Germany, opened in 1948.