14,474.15 TRY BIST 100 BIST 100
48.08 USD USD USD
7.19 CNY CNY CNY
56.09 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
620.00 TRY Interest Interest
92.27 USD Fossil Oil Fossil Oil
6.60 USD Copper Copper
105.53 TRY Silver Silver
97.76 USD Iron Ore Iron Ore
377.25 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
97.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Audi to relocate manufacturing from Belgium to Mexico

Audi announced the decision to close its plant in Brussels and move its production to Mexico, following the closure of Volkswagen plants in Germany.

Audi to relocate manufacturing from Belgium to Mexico

The Q8 e-tron model produced at the Brussels plant, which closes on February 28, 2025, is set to be produced in Mexico from 2025 onwards.

Volkswagen stated its intention to continue taking steps to decrease the production costs of its electric vehicle manufacturing. It aims to cut costs by decreasing production in Germany and Belgium, both of which have low profitability. Structural problems and difficulties in changing the production configuration of the Brussels plant were also factors in the closure decision.

Volkswagen CEO Thomas Schäfer emphasized the current situation is unsustainable over the long term.

Audi commits to fulfilling its social responsibilities and ensuring the employment security of its employees at the Brussels plant, employing around 3,000 people.

The company continues to search for a buyer for the plant. Mexico is an important production center for the Volkswagen Group and is the third largest automobile manufacturer in the country, making up 13.8% of the group's total production.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Germany's budget deficit increased to EUR71.3 billion in the first half of the year

Tuesday, August 25, 2026

Tsingshan considers tripling production at its steel plant in Zimbabwe

Tuesday, August 25, 2026

The U.S. will review China’s anti-dumping and countervailing duty measures on steel grating

Tuesday, August 25, 2026

63rd Damascus International Fair sets $10 billion trade target for Türkiye-Syria trade

Tuesday, August 25, 2026

Steel prices remain broadly stable in the Middle East and surrounding markets

Tuesday, August 25, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now