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German automaker Volkswagen considers closing two plants in the country

Germany’s largest industrial employer, Volkswagen, is reportedly considering closing at least two plants in Germany after years of declining value and a struggle to transition to electric vehicles.

For the first time in its history, German automaker Volkswagen is considering shutting down two of its plants inside Germany. It's a move that shows the mounting pressure from Chinese competition and the lackluster state of Europe's biggest economy. And now VW has lost much of its market share to what are now Chinese competitors not only inside of China, but they're also starting to lose out here on their home turf in Europe.

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