VW’s transfer reflects provide chain disruption and a quickly deteriorating outlook for demand. VW’s 2019 outcomes had been pretty good, however predictions for 2020 are ‘virtually impossible’, the corporate says, because the coronavirus disaster intensifies. Due to the worsening COVID-19 pandemic, Daimler has suspended “the majority” of its Mercedes-Benz manufacturing in Europe, as properly as work in some administrative departments, for an preliminary interval of two weeks. “By taking this motion, the corporate is following the recommendations of international, nationwide and local authorities,” the automaker mentioned in a statement.

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