Manufacturing News

Volkswagen: No plans to cut China production

Volkswagen AG has no plans to reduce production in China despite slowing demand, the company said in response to a media report.

"Volkswagen does not plan production cuts in China," company spokesman Andreas Lampersbach said by email after Germany's Spiegel magazine reported that the carmaker was considering reductions, including cutting annual production days at the assembly plants to 270 from 300.

The average level of plant utilization by international auto brands in China has fallen to 94.3 percent in the first half of this year, according to Sanford C. Bernstein analysts.

Foreign carmakers will need to accept lower utilization rates in future, they said.

Domestic and foreign carmakers are building more factories in China than anywhere else, a construction binge that's taking place amid a turn in the market.

China's passenger-vehicle sales fell year-on-year in June, the first such decline in more than two years, as the nation's economic growth slowed and a stock-market rout put off buyers.

Most Viewed in 24 Hours

Special

Start a Digital Twin Journey from Engineering Simulation

Accenture releases survey of digital transformation

CIMC Reduces Unplanned Downtime by 30% with Greater Operational Insight from ThingWorx

Ansys Simulation Speeding up Autonomous Vehicles

回到顶部
  • Tel : 0086-27-87592219
  • Email : service@e-works.net.cn
  • Add: 3B1 International Business Center, No. 18 Jinronggang Road (No.4), East Lake High-tech Development Zone, Wuhan, Hubei, PRC. 430223
  • ICP Business License: 鄂B2-20030029-9
  • Copyright © e-works All Rights Reserved