Volkswagen starts shutting down production in Europe in face of coronavirus

  • The German carmaker, which owns the Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, Seat and Skoda brands, said the uncertainty about the fallout from the pandemic meant it was impossible to give any forecasts for its performance this year.
  • Some of its manufacturing has resumed in China.
  • Earnings were driven by higher profits at its VW, Porsche, Seat and Skoda brands, and a return to profitability for its luxury sportscar brand Bentley.

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