Coronavirus Daimler:

The consequences of the corona pandemic are affecting production in Germany and Europe. The measure begins this week and will initially take two weeks.

Both car and van, as well as commercial vehicle production, are affected. The plants are to be shut down by the end of this week.

The supply chains, which cannot currently be fully maintained, should also be checked. Besides, work in selected administrative areas is interrupted, said the Stuttgart-based carmaker.

After interruptions in China, VW also has to temporarily suspend production in numerous plants.

The last shift should run at most locations on Friday, March 20, according to the works council in Wolfsburg.

In the past few days, there have also been first confirmed cases of infections in German VW factories.

CEO Herbert Diess said it is becoming apparent that the factories will have to pause for two to three weeks.

The company assumes that the coming time can be bridged with short-time benefits, especially in Germany.

The works council explained that the discussions with the board of directors were primarily about the situation in the "direct area", "where we work shoulder to shoulder on our vehicles on the assembly lines".

There was fierce criticism that many employees were not adequately informed and advised. The break on Friday is too late.

It is difficult to see why colleagues "without clear words from management should risk infection for a few hundred cars, which they may sooner or later carry home."

According to the latest information from the group, the German VW locations have so far been affected by relatively few detected infections.

Cases were reported last weekend in Baunatal near Kassel and the main Wolfsburg plant. The employees concerned are supposed to be well, they are in quarantine.

The delayed start of the VW electric car ID.3 due to software problems is still planned in the summer, despite "temporary shutdowns".

Even with a break of three weeks, the planned production of 100,000 vehicles in Zwickau is still possible.

Risks from corona crisis cannot be estimated:

In China, Volkswagen recently resumed production at almost all locations. According to CFO Frank Witter, the financial risks of the virus crisis cannot yet be estimated.

In the first quarter, however, the operating result is likely to halve compared to the same period in the previous year.

In 2019, the VW core brand achieved a higher profit despite the economic slowdown in many countries.

The operating result before special items for VW passenger cars rose from € 3.2 billion (2018) to € 3.8 billion (2019).

The costs of coping with the diesel crisis remained at the previous year's level at € 1.9 billion. The VW subsidiary Porsche increased its profit by 2.4 per cent to € 4.2 billion.

Skoda, Seat and Bentley and the truck subsidiaries Scania and MAN also improved. At Audi, operating profit fell slightly to € 4.5 billion, and in light commercial vehicles from € 780 million to € 510 million.


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