Volkswagen to close all European plants for COVID-19

▴ Volkswagen to close all European plants for COVID19
German automaker Volkswagen says it is shutting down most of its European plants for two weeks due to the virus outbreak.

Volkswagen said Tuesday it would close a large portion of its European plants for about fourteen days because of vulnerability about interest for vehicles and supplies of parts in the midst of the infection flare-up.

Chief Herbert Diess made the declaration toward the beginning of the organization's yearly news meeting. The DPA news office, referring to worker delegates, said that the last moves would run this Friday in many areas.

The organization had said it expects a 4% expansion in deals this year yet Chief Financial Officer Frank Witter said Tuesday that vulnerability about the seriousness and term of the infection flare-up made it difficult to give a dependable expectation. Diess said 2020 would be "a troublesome year" as the infection flare-up "presents us with obscure difficulties."

Volkswagen a year ago caused a net benefit of 14.02 billion euros, to up 15% from 12.2 billion euros in 2018. Income for the year rose 7% to 252.6 billion euros ($281 billion).

Copyright 2020 The Associated Press. All rights saved. This material may not be distributed, communicated, reworked or redistributed.

Tags : #Volkswagen #Germany #Frankfurt #Closeallplants #COVID #EU #Dasauto

Related Stories

Loading Please wait...

-Advertisements-



Trending Now

Dr Agarwals Eye Hospital Inaugurates Its State-of-the-Art New Centre in Padur, Kelambakkam, Marking its 25th Hospital in ChennaiAugust 14, 2026
Kshipra Health Solutions unveils L3Tx Red Light Therapy Cap to support evidence-based hair restoration.August 14, 2026
Zeus Hygia’s Metaberine® Clinical Study Published, Demonstrating Metabolic Health Benefits at just 200 mg DailyAugust 14, 2026
The Future of Fertility: New Advancements in Reproductive Technology August 14, 2026
The Impact of Climate Change on Respiratory Health in Indian MetrosAugust 14, 2026
Common Pregnancy Complications Every Woman in India Should Know AboutAugust 14, 2026
Maternal Healthcare in India: Understanding the Challenges, Progress, and the Path ForwardAugust 14, 2026
Stempeutics receives U.S. Patent 12,661,377 for treatment of Osteoarthritis using Stempeucel®-OA followed by a single injection of Hyaluronic AcidAugust 13, 2026
Vzy Smart TV Crosses ₹200 Crore in Cumulative Sales, Reinforcing Dish TV Group’s Connected Entertainment StrategyAugust 13, 2026
Apollo Advances Research into Non-Invasive Treatment Approaches for Severe Essential TremorAugust 13, 2026
Diabetes Management Through Lifestyle Changes: A Practical Guide for Indians Living With the ConditionAugust 13, 2026
Prediabetes: The Warning Stage Before Diabetes That Most Indians Are MissingAugust 13, 2026
SIMS Hospital Gives New Lease of Life to 31-Year-Old with End-Stage Heart FailureAugust 12, 2026
Digital Health for Obesity Market Size Worth USD 466.53 Billion by 2034 | CAGR: 23.15%August 12, 2026
At 11 and 8, Bengaluru Brothers Summit Mount Kilimanjaro’s 5,895-metre Uhuru PeakAugust 12, 2026
Mental Health 2.0: The Role of Virtual Reality Therapy in Tier 1 CitiesAugust 12, 2026
Managing Anxiety Through Probiotic-Rich Indian Diets August 12, 2026
From Losing Sensation to Walking Again: Woman with Sjögren’s Syndrome Finds New Hope Through Cell-Based TherapyAugust 12, 2026
Rare & Complex Shoulder Reconstruction at SRM Prime Hospital Restores Arm Movement in 52-Year-Old with an Untreated Shoulder Fracture-Dislocation August 12, 2026
Understanding Cardiac Health Checkups: A Complete Guide for IndiansAugust 12, 2026