World, As Seen from the most beautiful islands: Ireland and Cyprus

Volswagen states that outbreak-induced crisis is unprecedented


The corona crisis is unprecedented and will certainly have a negative effect on the activities of the German car group Volkswagen. A top executive of the company warned about this. Volkswagen has already announced that it will largely shut down production in Europe due to the outbreak of the virus.

Volkswagen’s chief financial officer Alexander Seitz said that everything is being done to ensure worker safety and stabilize things. Infections have already been detected at the company. How big the impact of the virus will eventually become is still difficult to estimate, says Seitz.

As of Thursday evening, most of Volkswagen’s European factories will close for at least ten days. The company also suffers from supply chain disruptions, putting pressure on production.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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