Tuesday, 02 January 2024 12:17 GMT

Weak Demand Leads VW To Temporarily Halt Production At EV Plants


(MENAFN- Investor Brand Network) German automaker Volkswagen has revealed that it is pausing EV production at two manufacturing plants in response to weak electric vehicle demand. The carmaker will suspend production at the Zwickau and Dresden facilities for a week in October and plans to cut the working week at an EV production plant in Osnabrück, Lower Saxony, by one day.

Other Western players in the auto market, such as Massimo Group (NASDAQ: MAMO) , need to quickly come up with strategies to prevent what is...

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