VW Holds Emergency Supplier Talks as Production Halt Widens
- Six German factories face production halt on parts shortage
- Bosnian supplier stopped deliveries over contract dispute
This article is for subscribers only.
Volkswagen AG held emergency talks with a supplier in a dispute that caused VW to halt production of its best-selling Golf and Passat after the parts maker took the unprecedented step of cutting off deliveries of transmission and seat components.
The shutdown widened Monday to six factories across Germany, impacting 27,700 employees, or about 10 percent of VW’s domestic workforce. Commerzbank AG estimated the stoppage, now in its fifth day, could cut profit by as much as 70 million euros ($79 million) a week.