Volkswagen says Europe overcapacity exceeds 500,000 vehicles

TREE NEWS update: Volkswagen said current European overcapacity exceeds 500,000 vehicles. Four plants—Emden, Zwickau, Hanover, and Neckarsulm—cannot achieve competitive future capacity configurations between 2031 and 2034, and alternative uses are being evaluated. The group will focus on North America’s most profitable business, expand exports to the Global South, and cut its portfolio by about one-third, divesting or restructuring non-core businesses.