United States
Hide

The world's biggest carmaker is shutting down in Europe

London (CNN Business)Volkswagen is preparing to suspend production across Europe as the continent struggles to contain the coronavirus pandemic.The German carmaking giant said Tuesday that production at its plants in Spain, Setubal in Portugal and Bratislava in Slovakia will be halted before the end of the week. Factories in Italy that make Lamborghini super cars and Ducati motorcycles will also be idled. Most of the group's other German and European plants are preparing to suspend production, probably for two weeks, Volkswagen (VLKAF) CEO Herbert Diess told reporters on Tuesday."Given the present significant deterioration in the sales situation and the heightened uncertainty regarding parts supplies to our plants, production is to be suspe ...
Top
Bottom