Mexican Media Brands
VW Plant in Russia Stops Production for 10 Days
Volkswagen AG has joined AvtoVAZ, Ford and General Motors in trimming production in Russia because of the country's economic slump.
#economics
Share
Volkswagen AG has joined AvtoVAZ, Ford and General Motors in trimming production in Russia because of the country's economic slump.
VW began a 10-day shutdown on Monday at its factory in Kaluga. The plant, which has capacity to make 150,000 vehicles per year, builds the VW Polo small sedan and Tiguan small crossover vehicle and two Skoda models.
VW opened a new body shop in Kaluga earlier this year and is erecting an €840 million engine plant nearby. The company insist it remains "fully committed" to the Russian market.
Last month VW's sales in Russia plunged 34% to 8,600 units, according to the Moscow-based Assn. of European Businesses. The brand's volume so far this year is 85,000 vehicles, down 18%. Skoda sales fell 5% to 6,800 units in August and are down 2% at 55,900 in the first eight months of the year.
RELATED CONTENT
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data