VW halts Golf assembly at core plant over technical problems
- Stocks dip as earnings pour in, consumer discretionary lags
- UPDATE: Alphabet (GOOG) Tops Q3 EPS Views; Revs Strong
- Baker Hughes (BHI), General Electric (GE) in Partnership Talks, Not Merger Talks
- Cirrus Logic, Inc. (CRUS) Q2 Results and Guidance Beat Estimates
- Amazon.com (AMZN) Misses Q3 EPS by 26c, Offers Q4 Guidance
The logo of a Volkswagen Beetle car is seen at the "Sunshinetour 2016" in Travemuende at the Baltic Sea, August 20, 2016. REUTERS/Fabian Bimmer/File Photo
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
BERLIN (Reuters) - Volkswagen
Assembly of VW's top-selling model at the carmaker's largest factory will be suspended on Friday, Monday and Tuesday after a piston rod inside the stamping plant's engine broke, the carmaker said on Thursday.
"Side parts for car body production are currently in short supply in sections of downstream vehicle construction because of this technical problem," VW said in an emailed statement.
Workers at the Wolfsburg plant, which employs 60,000 people and churns out as many as 3,800 cars per day during peak times, have been notified, the carmaker said, adding it's not clear yet when it will be able to make up for the lost shifts.
The disruptions are causing a fresh setback to operating business at Europe's largest automaker one month after a dispute with two suppliers who refused to deliver parts to Wolfsburg and other sites inflicted widespread stoppages at VW's Germany-based operations. [nL8N1B404N]
VW is also struggling to rebuild its reputation and meet billions of dollars of costs for its manipulations of diesel emissions tests uncovered one year ago in the United States.
(Reporting by Andreas Cremer; Editing by Toby Chopra)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS ups reserves for U.S. mortgage case, forecasts tough markets
- Hungary's PM threatens to sue EU over mandatory migrant quotas
- France, Britain bicker over child migrants stuck in Calais
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!