Volkswagen's Historic First: Closure of German Plant Amid Tariffs
Volkswagen has closed its Dresden plant in Germany after 88 years and plans to transform it into an AI, robotics, and chip design research hub in collaboration with Saxony's government and TU Dresden, as part of its strategy to adapt to economic challenges, including tariffs, trade tensions, and fierce competition in China. The company aims to invest heavily in AI and technology to enhance its vehicle development and production processes, amidst industry-wide shifts towards autonomous and AI-driven vehicles.