Volkswagen suspends production in Brazil for 12 days due to COVID

March 19, 2021 4:20 PM EDT

FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

SAO PAULO (Reuters) - Volkswagen will suspend auto production in Brazil for 12 days as of March 24 due to the worsening COVID-19 pandemic in the country, the company said in a statement on Friday.

Brazil is South America's top auto producer and a key base for Volkswagen. The pandemic in Brazil is at an all-time, with daily death tolls that are the worst in the world.

(Reporting by Marelo Rochabrun; Editing by Leslie Adler)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories