Categories: Automobile

VW CEO Herbert Diess says the Ukraine conflict’s financial injury may very well be worse than pandemic

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Diess additionally mentioned that Europe faces large menace of upper inflation from extended battle in Ukraine.

VW didn’t instantly reply to a Reuters request for remark.

European automakers together with VW, Porsche, BMW, and Mercedes-Benz are struggling to acquire crucial wire harnesses as suppliers in western Ukraine have been shuttered by Russia’s invasion, forcing them to curtail manufacturing.

VW brought forward a production stop at its dwelling manufacturing facility in Wolfsburg because of components shortages.

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