Volkswagen says restart of some China plants postponed until February 17

Sat Feb 08 2020
Lucy Harlow (4126 articles)
Volkswagen says restart of some China plants postponed until February 17

 Volkswagen (VOWG_p.DE) has postponed restarting production at most China plants in its joint venture with SAIC Motor (600104.SS) and the Tianjin plant in its JV with FAW Group until Feb. 17 amid the coronavirus epidemic.

One car-manufacturing plant Volkswagen operates with SAIC in Shanghai and most of the plants in the FAW joint venture will restart on Feb. 10, the German automaker said in an emailed statement on Saturday.

Volkswagen said it was facing supply chain challenges as China goes back to work after the extended Lunar New Year holiday, as well as limited travel options for its employees.

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Equities, Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe