Close Menu
Zero2Turbo
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram RSS
    Zero2Turbo
    • Home
    • Contact
    • Videos
      Featured

      Gayton McKenzie Says Crucial Kyalami Formula 1 Meeting To Take Place

      By Zero2TurboJuly 15, 2025
      Recent

      Gayton McKenzie Says Crucial Kyalami Formula 1 Meeting To Take Place

      July 15, 2025

      Aston Martin DBX S Quickly Steals Goodwood Record From Bentley

      July 15, 2025

      Koenigsegg Sadair’s Spear Grabs Goodwood Hill Climb Record from Czinger

      July 14, 2025
    • South Africa
    • Zero2Turbo Telegram
    Zero2Turbo
    Home»News»Volkswagen Group Losing Around R40 Billion A Week Because Of Coronavirus
    News

    Volkswagen Group Losing Around R40 Billion A Week Because Of Coronavirus

    By Zero2TurboMarch 30, 2020No Comments
    Facebook Email Twitter LinkedIn Telegram WhatsApp
    Share
    Facebook Email Twitter LinkedIn WhatsApp Telegram

    German TV channel ZDF recently interviewed CEO of the Volkswagen Group, Herbert Diess where he shared that the company may have to cut jobs as a result of the Coronavirus pandemic.

    Diess confirmed that are not making sales or revenues outside of China and need to cover fixed costs of “around 2 billion euros a week”.

    “We need to rethink production. We do not yet have the discipline that we had in China at our German locations,” he added. “Only if we, like China, Korea or other Asian states, get the problem under control then we have a chance to come through the crisis without job losses. It requires a very sharp intervention.”

    The company employs 671,000 people and has 124 factories around the world.

    Volkswagen
    Share. Facebook Email Twitter LinkedIn WhatsApp Telegram
    Previous ArticleBMW M235i Gran Coupe Pricing for South Africa
    Next Article Mountune Fit Golf R Turbo To Golf 7 GTI To Deliver 380 HP (283 kW)

    Related Posts

    VW Golf GTI Edition 50 Arrives Packing 321 HP (239 kW)

    June 23, 2025

    VW Golf GTI EDITION 50 Becomes Fastest VW To Lap The Nürburgring

    June 13, 2025

    New Volkswagen Tiguan R Not Off The Cards

    June 3, 2025

    2026 VW Golf R Warmenau Package Sheds 7KG But Costs R75,000

    May 27, 2025

    Volkswagen CEO Says Electric Golf GTI Will Be A “Monster Car”

    May 14, 2025

    50th Anniversary Volkswagen Golf GTI On The Way

    March 19, 2025
    Facebook X (Twitter) Instagram YouTube RSS
    Designed by Zero2Turbo.

    Type above and press Enter to search. Press Esc to cancel.