Covid-19 is costing VW $2.2bn a week
Volkswagen, the world’s largest carmaker by sales, may have to look at retrenchments and where it can safely resume production
27 March 2020 - 16:00
Frankfurt — Volkswagen (VW) may have to cut jobs if the coronavirus pandemic is not brought under control as the carmaker is still spending about €2bn a week, CEO Herbert Diess told German TV channel ZDF.
Diess told the Markus Lanz talk show that the German company, which employs 671,000 people worldwide, is not making any sales outside China and is looking for ways to resume production elsewhere that wouldn’t endanger its staff...
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