Volkswagen CEO warns factory closures may drag on for weeks amid coronavirus

Volkswagen is taking measures to secure liquidity, its supply chains, and to continue with strategic projects.
By : Reuters
| Updated on: 23 Mar 2020, 12:35 PM
File photo (REUTERS)
File photo (REUTERS)
File photo (REUTERS)
File photo

Volkswagen AG CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than initially planned.

“Most of our factories are closing for two weeks, in some regions for three. It is likely that these measures will last," Diess said in a Linkedin post.

The company's brands include Volkswagen, Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, Seat and Skoda.

(Also read: Volkswagen tests ventilator output as carmakers join coronavirus fight)

"The spreading of the virus will not have come to a standstill in several weeks from now. So that we need to be ready, to live with this threat for a long time - until effective medicines or a vaccination are available," Diess said.

Similar Cars

Find More Cars
Volkswagen Polo (HT Auto photo)
Volkswagen Polo
999 cc | Petrol | Manual | 17.74 kmpl
₹5.83 - 10 Lakhs**Ex-showroom price
Volkswagen Vento (HT Auto photo)
Volkswagen Vento
999 cc | Petrol | Manual | 17.69 kmpl
₹10 - 14.1 Lakhs**Ex-showroom price
Volkswagen Taigun (HT Auto photo)
Volkswagen Taigun
999 cc | Petrol | Manual | 18.1 kmpl
₹10.49 - 17.5 Lakhs**Ex-showroom price
Volkswagen Virtus (HT Auto photo)
Volkswagen Virtus
999 cc | Petrol | Manual | 19.4 kmpl
₹11.21 - 17.91 Lakh**Ex-showroom price
Volkswagen T-roc (HT Auto photo)
Volkswagen T-roc
1498 cc | Petrol | Automatic (Dual Clutch) | 17.85 kmpl
₹21.35 Lakhs**Ex-showroom price
Volkswagen Tiguan (HT Auto photo)
Volkswagen Tiguan
1984 cc | Petrol | Automatic | 12.65 kmpl
₹32.79 Lakhs**Ex-showroom price

Volkswagen is taking measures to secure liquidity, its supply chains, and to continue with strategic projects such as the launch of the company's ID.3 electric car and the supply of battery cells.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

(Also read: Skoda Auto Volkswagen India suspends production in Pune as part of India 2.0)

Germany's number of confirmed coronavirus cases rose by 2,705 to reach 16,662, the Department for Infectious Diseases at the Robert Koch Institute said on Saturday.

Volkswagen on Tuesday said it was suspending production at factories across Europe.

It also said that uncertainty about the impact of the virus meant it was impossible to give forecasts for this year.






First Published Date: 23 Mar 2020, 12:35 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city