Volkswagen production in Emden
In Emden, the group produces, among other things, the Passat and the ID.4.
(Photo: dpa)
A reduction in the production of electric cars at the Volkswagen plant in Emden is affecting the share. The carmaker’s papers lost 2.4 percent on Tuesday and were at the bottom of the Dax. A group spokesman told Reuters that Volkswagen is “actively managing its business,” focusing on profitability rather than volume.
The dpa-AFX news agency had previously reported, citing the Volkswagen works council in Emden, that the group wanted to cut production in the next two weeks because demand was lower than originally expected.
At the request of Reuters, Volkswagen announced that utilization of production in Emden should increase again after the market launch of the ID.7 model at the end of the year.