Production pruning - Dacia suspends operations until January 11th
Agerpres reported that Dacia has suspended the operations at the factory from Mioveni until January 11th 2009 as a result of the brutal fall of the car market in Romania.
As per report, the plant will also slow down the pace of its production from 1,360 to 1,085 vehicles per day, starting on January 12th 2009 and will reduce its investment budget for next year by EUR 100 million.
According to a Dacia press release, the demand of new vehicles has registered a fall of over 50% in November 2008 in Romania. In the same month, Dacia traded 4,698 units on the domestic market, down by 52% YoY over November 2007. This brutal fall is determined by the invasion of old vehicles and the limitation of the access to credits.
Agerpres reported that Dacia has suspended the operations at the factory from Mioveni until January 11th 2009 as a result of the brutal fall of the car market in Romania.
As per report, the plant will also slow down the pace of its production from 1,360 to 1,085 vehicles per day, starting on January 12th 2009 and will reduce its investment budget for next year by EUR 100 million.
According to a Dacia press release, the demand of new vehicles has registered a fall of over 50% in November 2008 in Romania. In the same month, Dacia traded 4,698 units on the domestic market, down by 52% YoY over November 2007. This brutal fall is determined by the invasion of old vehicles and the limitation of the access to credits.
14/12 2008 15:41 le 0
613 bilsalg
2 Volkswagen plants to suspend production in China
Sunday December 14, 3:13 am ET
2 Volkswagen plants in China plan to suspend production for
maintenance work: report
BEIJING (AP) -- Two Chinese auto plants run by German automaker
Volkswagen AG through joint ventures are planning to partly suspend
production lines to conduct maintenance work, state television
reported Sunday.
ADVERTISEMENT
The news comes amid a huge slump in sales of vehicles in China, the
world's second-largest vehicle market after the United States.
China's CCTV said in its midday bulletin that FAW-Volkswagen
Automobile Co. plans to suspend part of its production at a plant in
Changchun, the capital of Jilin province in northeastern China, at the
end of the year to carry out maintenance.
Shanghai Volkswagen Automotive Co. will also suspend work at its
production line for half a month from mid-December to early January,
the Beijing News Daily reported.
The reports did not give details and calls to Volkswagen's office in
Beijing and the two joint venture companies rang unanswered Sunday.
Volkswagen sold about 910,000 vehicles to customers in China in 2007.
Vehicle sales in China fell 16 percent in November -- a sharp reverse
for China's automakers, which saw sales grow by 18.5 percent in 2007.
Global automakers were counting on fast-growing Chinese sales to help
drive revenue growth as sales elsewhere weakened.
Industry Minister Li Yizhong said Friday Beijing is considering ways
to revive sales including cutting taxes, offering low-interest loans
or forcing older vehicles off the road.
2 Volkswagen plants to suspend production in China
Sunday December 14, 3:13 am ET
2 Volkswagen plants in China plan to suspend production for
maintenance work: report
BEIJING (AP) -- Two Chinese auto plants run by German automaker
Volkswagen AG through joint ventures are planning to partly suspend
production lines to conduct maintenance work, state television
reported Sunday.
ADVERTISEMENT
The news comes amid a huge slump in sales of vehicles in China, the
world's second-largest vehicle market after the United States.
China's CCTV said in its midday bulletin that FAW-Volkswagen
Automobile Co. plans to suspend part of its production at a plant in
Changchun, the capital of Jilin province in northeastern China, at the
end of the year to carry out maintenance.
Shanghai Volkswagen Automotive Co. will also suspend work at its
production line for half a month from mid-December to early January,
the Beijing News Daily reported.
The reports did not give details and calls to Volkswagen's office in
Beijing and the two joint venture companies rang unanswered Sunday.
Volkswagen sold about 910,000 vehicles to customers in China in 2007.
Vehicle sales in China fell 16 percent in November -- a sharp reverse
for China's automakers, which saw sales grow by 18.5 percent in 2007.
Global automakers were counting on fast-growing Chinese sales to help
drive revenue growth as sales elsewhere weakened.
Industry Minister Li Yizhong said Friday Beijing is considering ways
to revive sales including cutting taxes, offering low-interest loans
or forcing older vehicles off the road.
