Volkswagen Forced To Defer EV launch Due To Ukraine War Bottleneck: Reuters

  • Volkswagen AG VWAGY looked to postpone the launch of its ID.5 electric car by a month, Reuters reports.
  • Volkswagen's Zwickau plant produced the ID.5. Supply bottlenecks caused by the Ukraine war led to a production halt and were due to resume next week.
  • Volkswagen now aimed to release it in the first week of May due to wire harness supply disruption in Ukraine.
  • Volkswagen failed to produce enough exhibition and demonstration vehicles for all its sales partners.
  • Now, Volkswagen is looking to redistribute the exhibition vehicles partially.
  • Photo via Wikimedia Commons
Market News and Data brought to you by Benzinga APIs
Posted In: NewsTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!