Hyperdrive
Audi Rejects All Offers For EV Plant Facing Potential Closure
- Managers say there are no viable options for Brussels factory
- Audi parent VW mulls German factory closures amid EV slowdown
The production line at the Audi Brussels plant in Vorst-Forest, Belgium.
Photographer: Eric Lalmand/AFP/Getty ImagesThis article is for subscribers only.
Volkswagen AG’s premium brand Audi has failed to find a suitable investor for its troubled electric-vehicle factory in Brussels, raising the risk that the plant could close.
None of the 26 interested parties and potential investors — including one that revised a pitch in recent days — has offered a “viable and sustainable concept” for the future of the factory, Chief Operating Officer Gerd Walker said Tuesday in a statement following an extraordinary works council meeting. An internal search within VW for future car production or alternative uses for the plant also came up empty-handed, the brand said.