Volkswagen to shut some factories for more than two weeks: CEO

FAN Editor
Diess, Volkswagen's new CEO, poses during the Volkswagen Group's annual general meeting in Berlin
FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt

March 21, 2020

(Reuters) – German carmaker Volkswagen AG <VOWG_p.DE> said on Saturday its factories will be closing for two weeks and in some regions three, amid growing concerns over the spread of the coronavirus.

“Most of our factories are closing for two weeks, in some regions for three. The spreading of the virus will not have come to a standstill in several weeks from now,” Volkswagen Group CEO Herbert Diess said in a LinkedIn post

The number of confirmed coronavirus cases in Germany has risen by 2,705 within a day to reach 16,662, the Department for Infectious Diseases at the Robert Koch Institute said on Saturday.

Volkswagen on Tuesday said it was suspending production at factories across Europe as the pandemic hits sales and disrupts supply chains.

The carmaker, which owns the Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, Seat and Skoda brands, also said that uncertainty about the fallout from coronavirus meant it was impossible to give forecasts for this year.

(Reporting by Rama Venkat in Bengaluru; editing by Jason Neely)

Free America Network Articles

Leave a Reply

Next Post

Coronavirus live updates: US hospitals seek $100 billion in aid, Spain death toll tops 1,300

Medical workers and other officials gather outside of the Brooklyn Hospital Center where testing for the coronavirus has started on March 19, 2020 in the Brooklyn borough of New York City. Spencer Platt | Getty Images This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. […]