Volkswagen Resumes Production In Changchun City In China: Reuters

by Shivani Kumaresan, Benzinga Staff Writer

April 18, 2022 7:28 AM | 27 seconds read | Make a Comment

Volkswagen AG VWAGY factories in the northeastern Chinese city of Changchun have resumed production, Reuters reported.
The move comes after the city relaxed the COVID-19 restrictions.
The auto major runs its Changchun facilities through a joint venture with China's FAW Group.
The report noted the company is studying the feasibility of resuming production at its Shanghai plant.
Price Action: VWAGY shares closed lower by 2.41% at $22.30 on Thursday.
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