Audi has announced that it has been unable to find a suitable investor for its electric car factory in Brussels, increasing the risk that the factory will be closed.
None of the 26 potentially interested investors has proposed a “sustainable concept” for the future of the Brussels factory, said the German company’s chief operating officer, Gerd Walker.
Volkswagen announced in July that it was considering closing Audi’s Brussels plant due to weak demand for premium electric cars.
The factory in the Belgian capital, which produced around 50,000 cars last year, has long-standing challenges such as high logistics costs. If the worst predictions come true, Volkswagen will be forced to close one of its plants for the first time since 1988.
German carmaker Volkswagen’s management has decided on a massive savings program until 2026 and wants to cancel the employment agreement of around 110,000 workers to deal with a cash shortfall that currently stands at 5 billion euros.