Volkswagen has stopped producing cars from many factories around the world without precedent, and Volkswagen CEO Herbert Dis (Herbert Diess) said on a German television show,At present, there is no sales or revenue in other regions except for the Chinese market。
"We have to control the epidemic just like China, South Korea or other Asian countries, which requires strong interventions to get through the crisis without unemployment," he said on the show
According to dease, VW's sales are all over the world, but there is no sales or revenue outside China,And during this period, we still have to bear high fixed costs, about 2 billion euros a weekAlthough China's demand has rebounded again, output is only half that before the crisis.
Volkswagen can tolerate plant closures in Europe and the Americas "for weeks, even months, but not indefinitely," says Mr dease. Although the company is in good financial condition, he does not exclude that in the worst case, if the crisis lasts for months or even years, it will take "structural measures to adjust".
It is reported that Volkswagen is one of the world's largest car manufacturers in terms of sales, with 124 factories around the world, 72 of which are in Europe. Due to the spread of the epidemic, the company's European factory stopped production at the beginning of this month.