VW passenger cars does not expect 'significant' production impact from Red Sea attacks
Reuters
Published Jan 12, 2024 06:52AM ET
BERLIN (Reuters) - Volkswagen (ETR:VOWG_p)'s passenger cars brand does not expect "significant" restrictions to production due to the Red Sea attacks, a spokesperson said on Friday, after Tesla (NASDAQ:TSLA) said production at its German site would be mostly halted.
"Volkswagen is in close coordination with the shipping companies and is monitoring the situation closely in order to assess the impact on production and market supply and - as far as possible - avoid it," a spokesperson said in response to a query from Reuters.
"Almost all the major shipping companies began rerouting their ships in December already. This will ensure that freight reaches its destination, albeit with a slight delay," they added.
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Written By: Reuters
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