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Motor1
Motor1
Business
Anthony Alaniz

It Begins: Volkswagen Just Sold Off a Plant in China

Volkswagen is making some tough decisions as it attempts to realign its business operations. The automaker is facing strong financial headwinds and looking to cut costs, which could include closing factories in Germany for the first time. "Economic reasons" are already affecting plants outside VW's home country, with the automaker announcing today that it will sell a facility, as well as two test tracks, in China.

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