Author: Bloomberg

  Volkswagen AG will potentially shutter an Audi electric-vehicle factory in Belgium to avoid wasting costs, in what could be a watershed moment for Europe’s biggest carmaker. The manufacturer has never closed a automotive plant within the region, however the high-expense Brussels site could develop into the primary because of poor demand for an electrical SUV made there. Volkswagen cited additional expenses including from the restructuring for lowering its outlook for the 12 months. Carmakers have been grappling with poor EV sales, prompting a variety of manufacturers including Mercedes-Benz Group AG to rethink plans. Key regions including Germany, Europe’s biggest…