
Volkswagen says it could close plant in Germany for the first time ever
CBSN
Volkswagen says auto industry headwinds mean the German automaker can't rule out plant closings in its home country, while the company is also dropping a longstanding job protection pledge that would have barred layoffs through 2029.
"The European automotive industry is in a very demanding and serious situation," Oliver Blume, Volkswagen Group CEO, said in a statement Monday.
He cited new competitors entering the European markets, Germany's deteriorating position as a manufacturing location and the need to "act decisively."

Which products will be affected by tariffs? Here's what Trump's "Liberation Day" could make pricier.
Inflation-weary Americans may soon find they're paying more for a host of products after President Trump announced two new types of tariffs on April 2, a day he termed "Liberation Day" because he believes the measures will erase trade imbalances between the U.S. and other nations.