Tag: VW

@VW Group: Volkswagen brand suspends production on Thursday due to corona crisis

The Volkswagen Passenger Cars brand is gradually suspending production at its European plants. This will also affect Volkswagen Group Components plants. This is the brand’s response to the impending rapid decline in demand on the automotive markets. Risks in connection with suppliers’ supply chains are also increasing. This is due to the significantly accelerated rate… Continue reading @VW Group: Volkswagen brand suspends production on Thursday due to corona crisis

@VW Group: Porsche presents innovative 3D-printing technology for bucket seats

The Porsche Newsroom is a service provided by the Porsche Communication for journalists, bloggers and the online community. © 2020 Dr. Ing. h.c. F. Porsche AG * Data determined in accordance with the measurement method required by law. Since 1 September 2017 certain new cars have been type approved in accordance with the Worldwide Harmonised Light… Continue reading @VW Group: Porsche presents innovative 3D-printing technology for bucket seats

Volkswagen closes factories for 3 weeks due to coronavirus

car After the excellent results of 2019, Herbert Diess, CEO of the world’s first car manufacturer, does not hide that 2020 will be a “very difficult” year precisely because of the pandemic, which does not show signs of slowing down. The impact on the group remains “unpredictable” by Alberto Annicchiarico March 17, 2020 3 ‘of… Continue reading Volkswagen closes factories for 3 weeks due to coronavirus

VW and Daimler largely cease production in Europe

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Plants stand still for two weeks: Daimler also stops most of the production because of the virus

DPA Mercedes plant: Most of the production in Europe will be stopped for two weeks Even with the car maker Daimler Show stock market chart stand because of the Corona virus for the time being, the tapes are still in many plants. A large part of the production in Europe will be closed for an… Continue reading Plants stand still for two weeks: Daimler also stops most of the production because of the virus

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.

Volkswagen suspends production as coronavirus hits sales

* VW says sales down 15% in first two months of 2020
* VW CFO says coronavirus makes forecasts impossible
* VW resumes production in China as Europe shuts down (Adds CFO comment)
FRANKFURT, March 17 (Reuters) – Volkswagen Group , the world's biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the company said on Tuesday.
The German 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 its performance this year.
“Given the present significant deterioration in the sales situation and the heightened uncertainty regarding parts supplies to our plants, production is to be suspended in the near future at factories operated by group brands,” Chief Executive Herbert Diess said on Tuesday.
Volkswagen's powerful works council concluded it was not po..