Volkswagen to Concentrate 10%+ of Global Output in Spain, Portugal

Volkswagen plans to produce over one million vehicles annually across its three Iberian plants (Martorell, Pamplona, Palmela), representing more than 10% of its global production. This signals a strategic shift toward Southern Europe for EV and hybrid manufacturing, likely boosting regional investment and employment. The move may reflect cost optimization and nearshoring trends, though exact timelines and model allocations remain unspecified.