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Feb. 10, 2020, 1:35 a.m. EST

Volkswagen postpones reopening of some Chinese plants amid coronavirus spread

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By Olivia Bugault

Associated Press
Volkswagen cars are lifted inside a delivery tower of the company in Wolfsburg, Germany.

Volkswagen AG 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 /zigman2/quotes/206736865/delayed DE:VOW -1.19%  and SAIC Motor Corp. /zigman2/quotes/201442870/delayed CN:600104 +0.41%  — 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.

DE : Germany: Frankfurt
-2.25 -1.19%
Volume: 160.00
May 24, 2022 2:16p
P/E Ratio
Dividend Yield
Market Cap
Rev. per Employee
CN : China: Shanghai
¥ 17.21
+0.07 +0.41%
Volume: 98.97M
May 24, 2022 3:00p
P/E Ratio
Dividend Yield
Market Cap
¥198.03 billion
Rev. per Employee

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