News Snapshot:
Volkswagen will close part of its factory in Shanghai because of the difficulty in procuring parts during the city’s lockdown, although it is also looking at ways to keep production running while pandemic restrictions are in place. The plant, operated in a joint venture with China’s SAIC Motor , will partially shut down production on Thursday, a VW spokesperson said, without providing further details including when it may be able to resume or what parts and models are specifically affected. The company will provide information on a daily basis, the spokesperson said. China’s adherence to a “Covid-Zero policy” is wreaking...
