Volkswagen Postpones Reopening of Some Chinese Plants
February 10 2020 - 1:50AM
Dow Jones News
By Olivia Bugault
Volkswagen AG (VOW.XE) said Saturday that it has postponed
production at some of its plants in China as the deadly coronavirus
continues to spread.
Saic Volkswagen--a joint venture between the German car maker
and SAIC Motor Corp. (600104.SH)--has postponed the production at
its factories until Feb. 17, Volkswagen said. Only one of its
plants, in Shanghai, will restart earlier, on Feb. 10.
FAW-Volkswagen, a joint venture between FAW Group and
Volkswagen, will resume production in China on Feb. 10, except for
its site in Tianjin which will resume one week later.
"We are working hard on getting back to normal production
processes, facing challenges due to the nationwide re-starting of
supply chains as well as limited travel options for our production
employees," Volkswagen said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
February 10, 2020 01:35 ET (06:35 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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