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Volkswagen to suspend production in Europe, warns of ‘very difficult’ year

March 17, 2020

Via: CNBC

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German carmaker Volkswagen has announced it is preparing to temporarily shut down most of its European plants in the wake of the coronavirus pandemic.

Speaking to reporters on Tuesday, Chief Executive Herbert Diess said the company would shut down production at factories operated by the group’s brands “in the near future,” with most European plants set to suspend work for at least two weeks.

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