Newscasts - Volkswagen cuts output, halts production at two plants: Bloomberg

Porsche Automobil Holding SE

26/09/2025 10:58

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Source: 'Reuters - Business videos'

Description: Europe's top carmaker Volkswagen is curbing volumes and introducing temporary shutdowns at two of its electric-vehicle plants in Germany, Bloomberg News reported on Thursday. Fiona Jones reports.

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Video Transcript:

Europe's top carmaker Volkswagen is cutting its output and temporarily shutting down two German EV plants. That's according to Bloomberg Thursday, citing a company spokesperson. It said Volkswagen's Zwickau factory will stop production for a week from October 6. That's due to weak demand for the Audi Q4 e-tron. The carmaker's Emden plant has reduced employee hours and is expected to halt production lines for several days. Reuters could not immediately verify the report and the German automaker did not immediately respond to a request for comment. Last week, Volkswagen said it would take a $6 billion hit, as its unit Porsche AG delayed EV rollout due to weaker demand. That, as well as rising competition from China coupled with higher US tariffs.