(Reuters) -Volkswagen is curbing volumes and introducing temporary shutdowns at two of its electric-vehicle plants in Germany, Bloomberg News reported on Thursday, citing people familiar with the
Volkswagen Reduces Production and Temporarily Shuts German EV Plants
Volkswagen's Production Adjustments
(Reuters) -Europe's top carmaker Volkswagen is curbing volumes and introducing temporary shutdowns at two of its electric-vehicle plants in Germany, Bloomberg News reported on Thursday.
Zwickau Factory Shutdown
The German automaker's Zwickau factory will stop production for a week from October 6 due to weak demand for the Audi Q4 e-tron, the report said, citing a company spokesperson.
Emden Plant Reductions
The carmaker's Emden plant has reduced employee hours and is expected to halt production lines for several days, Bloomberg said.
Reuters could not immediately verify the report. Volkswagen did not immediately respond to a request for comment.
Financial Impact on Porsche AG
Last week, Volkswagen said it would take a 5.1 billion euro ($6 billion) hit over its unit Porsche AG's delayed EV rollout due to weaker demand, and rising competition from China coupled with higher U.S. tariffs.
($1 = 0.8510 euros)
(Reporting by Ananya Palyekar in Bengaluru; Editing by Alan Barona)
