Volkswagen’s Audi in talks with potential investor for Brussels site

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BERLIN (Reuters) – Volkswagen’s luxury division Audi is in talks with a potential investor for its struggling Brussels plant, a company spokesperson said on Tuesday.

A working group on alternative uses for the plant is also ongoing, said the spokesperson, who added that it has not yet come to a conclusion.

According to company sources, the potential investor is a commercial vehicle manufacturer.

Volkswagen, which could close three plants in Germany as part of a cost-cutting drive, said in July it was considering closing its Brussels site, which employs about 3,000 people, due to low demand for its higher-end electric cars.

The factory currently makes Audi’s electric luxury SUV Q8 e-tron, but production of the vehicle will cease next February.

(Reporting by Christina Amann, Writing by Miranda Murray, Editing by Rachel More)

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