EconomyLens.com
No Result
View All Result
Thursday, October 29, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Audi Brussels shuts down as Europe’s auto woes deepen

Natalie Fisher by Natalie Fisher
February 27, 2025
in Economy
Reading Time: 7 mins read
A A
3
38
SHARES
471
VIEWS
Share on FacebookShare on Twitter

Workers launched a prolonged strike to try to prevent the closure of Audi's plant in Brussels. ©AFP

Brussels (Belgium) (AFP) – An Audi factory in Brussels billed as the “cradle” of the German carmaker’s electric drive is shutting down production for good on Friday, the latest sign of the woes afflicting Europe’s auto industry. The plant’s closure, with the loss of 3,000 jobs, comes days before EU chief Ursula von der Leyen is set to present a much-touted action plan to help the auto industry through “the deep and disruptive transition ahead”.

Related

Dodging fuel price hikes, Damascus drivers turn to electric cars

ECB says has tools to calm markets as French debt worries rise

Oil majors reap bumper profits as Mideast war drives prices

ECB holds rates steady after Lagarde says to quit early

US economy posts strong growth, inflation stubbornly high in challenge to Trump

After rising by nearly 10 percent in 2023, global car sales slowed sharply last year, with new registrations rising just 1.7 percent worldwide and declining in the European powerhouses France and Germany. In terms of electric vehicle (EV) innovation, an Allianz Trade report warned this month that European manufacturers had allowed themselves to be outpaced by US giant Tesla and Chinese rivals BYD and Geely, with European cars too expensive as a result.

Audi, a subsidiary of German auto giant Volkswagen, gave several factors for closing the Brussels plant, the largest private employer in the Belgian capital. It had switched to producing EVs in 2018 after 70 years of making combustion engine models. But the company said a global fall in demand for high-end electric sport utility vehicles (SUVs) had tanked demand for its Q8 e-tron, to which the site was exclusively dedicated. It also cited long-running structural issues at the former Volkswagen factory, saying it suffered from high logistics and production costs.

Workers at the site launched a prolonged strike to try to prevent the closure, with some blaming Audi for being too slow to make the pivot to electric, and then for focusing on a prohibitively expensive model. “People are being pushed to buy electric, but the infrastructure is not there yet,” said Jan Baetens of the CSC union. The European Union has set a date of 2035 for phasing out new sales of combustion engine vehicles, and wants EVs to account for a quarter of new registrations this year — up from 15 percent as of January. But sales have struggled to take off, with European buyers slow to warm to EVs and their higher upfront costs.

“We have a demand issue at the moment,” said Sigrid de Vries, director general of the European Automobile Manufacturers’ Association (ACEA). She said it was “by any standards remarkable” that Europe had reached a 15 percent market share in less than five years, “but it’s not enough.” “We have vehicles readily available to enter the market,” she said, “but we are facing a stagnating demand.”

Worldwide last year, Audi delivered more than 164,000 fully electric models, down eight percent on the previous year. In China, which accounted for around 40 percent of electric and non-electric global sales, deliveries were down 11 percent. In Brussels, Audi’s production lines will come to a final halt on Friday, though several hundred people will remain on site for a few months to clean and dismantle machinery or tie up administrative loose ends.

Dozens of workers were in and out of the plant in the days ahead, to empty their lockers and say goodbye. “It was satisfying work — a shame it is coming to an end,” said Florin Tautu, an engineer who arrived from Romania in 2011 and was tasked with adapting the factory’s infrastructure to new production needs. Another manager, who asked not to be named, said he was hopeful for the future, “But I feel bad for people who still have a mortgage to pay off, or children in college.”

Audi’s management says dedicated teams have been created within the region’s job centres to help the plant’s workers find new work, with a job fair advertising around 4,000 positions taking place in April.

© 2024 AFP

Tags: automotive industryelectric vehiclesjob cuts
Share15Tweet10Share3Pin3Send
Previous Post

‘No need to overthink’: China Tesla fans unfazed by Musk politics

Next Post

For Tour de France foreign starts are a money-spinner

Natalie Fisher

Natalie Fisher

Related Posts

Economy

VW says ‘no time to lose’ to slash costs after 5.8 billion euro loss

October 29, 2026
Economy

IMF says engaging with Iraq on preparing new bailout program

October 29, 2026
Economy

ECB chief Lagarde to step down early, triggering succession race

October 29, 2026
Economy

Christine Lagarde: unifying ECB chief in turbulent times

October 29, 2026
Economy

ECB President Christine Lagarde to step down in February 2027

October 29, 2026
Economy

TotalEnergies profit hits record on high oil prices

October 29, 2026
Next Post

For Tour de France foreign starts are a money-spinner

Trump says China to face added 10% tariff starting in March

Former African leaders launch debt relief drive for poor nations

Trump tariffs pose challenge for Europe's carmakers

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

104

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Tech firms take fresh hit as earnings misses fan AI fears

October 29, 2026

Nvidia’s web of AI bets: smart strategy or bubble risk?

October 29, 2026

Crypto platform Binance confirms major hack, more than $2.5bn frozen

October 29, 2026

Dodging fuel price hikes, Damascus drivers turn to electric cars

October 29, 2026
From EconomyLens

Clear insights, straight to your inbox.

Get the stories and perspectives shaping the economy.

EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.