) will suspend production this week at plants in Italy, Portugal, Slovakia and Spain and is preparing to shut down the rest of its factories across Europe due to the spread of coronavirus, its CEO said on Tuesday.
Volkswagen’s powerful works council has concluded it’s not possible for workers at its plants to maintain a safe distance from one another to prevent contagion and recommended a suspension of production from Friday. Most of its other German and European factories will prepare to suspend production, probably for two to three weeks, VW said.
“The spread of coronavirus is currently impacting the global economy. It is uncertain how severely or for how long this will also affect the Volkswagen Group. Currently, it is almost impossible to make a reliable forecast,” Chief Financial Officer Frank Witter said.
The loss can be counted by $billion
Many many factories are closing for a 3 week period. Including Ford.
Chinese will buy it now.
Nobody wants their FAKE clean diesel BS anyway.
meanwhile europe is under attack
Tesla doing the opposite apparently
piersmorgan
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