VW Curbs EV Production As EU Demand Falters Amid Gloomier Economic Picture – ZeroHedge 6/28/23

Source: ZeroHedge.com

German newspaper Nordwest-Zeitung reports Volkswagen has temporarily reduced the production of electric vehicles at one of its plants.

Volkswagen’s Emden plant in Lower Saxony has reduced production of the electric ID.4 compact SUV and ID.7 sedan for the next two weeks because of weakening sales.

Industry blog Autocar reported Manfred Wulff, head of the works council for the Emden plant, told German Press Agency in an earlier article published by the North West newspaper that while EV production was being reduced, production of combustion-engine models, including the Volkswagen Passat, are unaffected.

Wulff said 300 of the current 1,500 temporary workers employed at the plant would not have their contracts renewed in August. And he noted EV demand is 30% below planned production figures. …

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