VW Said to Pay Compensation to Supplier to End Standoff
- Six stalled plants in Germany to ramp up as deliveries resume
- Volkswagen said to rebuff other demands by Prevent Group
VW Resolves Parts Standoff, Production Set to Restart
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Volkswagen AG agreed to compensate a supplier to end a six-day standoff that halted Golf and Passat production, people familiar with the matter said.
The amount is well below Prevent Group’s initial demands seeking about 58 million euros ($66 million) to cover factory alterations made in preparation for a 500 million-euro order that VW canceled, said the people, who asked not to be identified because the two sides agreed not to talk publicly about the deal reached on Tuesday. Sueddeutsche Zeitung reported that the agreed-upon figure is 13 million euros.